BankniftyFuture last close: 17644.85
RBI governor will address a press conference today at 10 am. This will be third conference in the context of Covid-19.
Expecting governor may announce an extension of the loan moratorium for term loans for a few more months.
Also comment on the recent economic package announced by the govt and impact in the economy.
On Yesterday, BNF was not retained at higher levels and slipped almost 500 points from intraday high.
Today Bankniftyfuture is facing a intraday resistance at 17820, 17975 and 18200
Above three levels are crucial resistance for today’s trade
If any magic is happened and will cross 18200………. Then will move 18500+
Today BNF can be considered as supports as 17540, 17440 and 17300
Below 17300………. Expecting further weakness up to 17000
More live market update will send to my clients only
Updated : 08.47 AM / 22nd May 2020