BankniftyFuture last close: 21308.85 (+1.90%)
BankniftyFuture was shot up almost 5.75% in last two sessions
Hdfcbank, Icicibank, Axisbank and Kotakbank was most contributed stocks to bank index
Huge volatility seen in last week hence to avoid short straddle in banknifty
If possible can sell OTM PE and CE. Otherwise stay away!!
Bankniftyfuture weekly trend decider 20000 and 21800
Today BankniftyFuture facing a intraday resistance at 21425, 21485 and 21650
Above three resistance are crucial for today’s trade!! Suppose if crossover 21650
Will try to check around 21800.
Today BNF can be considered as supports as 21250, 21130 and 20950
Below 20950……. Expecting more weakness up to 20630
More live market update will be send to our clients only
Updated : 08.29 AM / 22nd June 2020
