BankniftyFuture last close: 21697 (+1.8%)
BankniftyFuture was seen huge volatility on yesterday’s trade
Index was sustained 21700-21800 then spurted up to 22126. Again in last 1 hours slipped up to 21600. Suddenly fell 500 points and settled at 21700.
After long time Kotakbank was contributed more points to bank index, Stock rose 4%
Axisbank gained 3%, Bandhanbank climbed 7% and RBLbank added 8%
HDFCBank slipped 0.5% and seen profit booking.
Volatility will be continued….. Trade low quantity.
Today BNF is facing a intraday resistance at 21840 and 21930.
Once if breaks and holds above 21930, Finding a next resistance 22125 (Yesterday’s high)
Suppose again if breaks and manages above 22125………Expecting more short covering.
Today BNF can be considered as supports as 21625 and 21475
Below 21475……..Will try to check 21300………… Then ?
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Updated : 08.22 AM / 23rd June 2020
