BankniftyFuture last close : 32329.40
Yesterday Banknifty Future was traded range between 32250-32350 and volume also very low ahead of Christmas eve.
Last 30 minutes HDFCBANK has bounced and ICICIBank declined 1%
Today BankniftyFuture is facing a intraday resistance at 32380, 32450
If crossover 32450……….. Will show more strength……. But not expect that much rally
Today BNF can be considered as supports as 32270, 32220
Below 32220………. Finding a next support around 32100
Once if comes declines……… Can buy 32100CE, 32200CE and Sell 32200PE, 32300PE
If trade below 32100……… Avoid above strategy!!
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HDFCBANK if stays above 1290……..
Looks good and rally will be expected up to 1315, 1322
Updated : 08.43 AM / 24th Dec 2019