BankniftyFuture last close: 21400.60 (-4%)
Bankniftyfuture was seen sharp selling pressure after 4 consecutive winning trade
In last 4 session BNF was climbed almost 2400 points and Yesterday fell 900 points
BNF was made a opening high of 22494.85 then sustained 22200.
After 2 PM……….. Seen sudden fall and crashed up to 21300
ICICIBank fell 7.50%. Major contributed to index fell. ICICI planning an issue of 3 billion US dollars
Other banks Axisbank down 4.30%, Kotakbank fell 3.30%, Indusindbank fell 7.5% and Sbin dropped 4%
SGXNifty indicates a gap down opening and followed by bank index will open 300-400 pts gap down
Today BankniftyFuture is considering a supports 21270, 21160 and 21040
Once if breaks and holds below 21040, Finding a next support around 20740-20800
Again if not sustained around 20740………… We see further weakness up to 20500.
Today BNF if rise likes yesterday’s close 21400 to 21700 can sell
Don’t think to buy………..
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Updated : 08.40 AM / 25th June 2020
