BankniftyFuture last close: 22803
BankniftyFuture has consolidated around 22750 to 22850 on yesterday’s trade
BNF opened high was 23148 then fell up to 22573.70 then closed at 22803
Axisbank did performed well after earnings report. Stock gained 7.35%
Hdfcbank, Indusindbank, Kotakbank and SBIN was seen selling pressure and fell 1% to 2%
Today Bankniftyfuture will open at flattish note and expecting volatility ahead of weekly expiry
Today BNF is facing a intraday resistance at 22900, 22970 and 23150
Do you know? As per technical chart indicates BNF hammered pattern around 23000-23150. On 8th July BNF was made a high of 23120 then fell 21000 on 16th July. Now again BNF at 23000.
Suppose if breaks and manages above 23150…….. Expecting more power!!
Today BNF can be considered as supports as 22700, 22640 and 22480
Below 22480……….. Finding a next support around 22200
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Updated: 08.43 AM / 23rd July 2020
