BankniftyFuture Aug last close: 38988.60 (-0.2%)
Sept last close: 39100.65 (-0.4%)
What a terrific Thursday!!
BankniftyFuture was opened 39250 and went to 39489 and consolidated up to 2.20pm
After 2.20 pm, BNF was dropped from 39450 to 38920
Almost 500 points slipped in the last 1 hour
All private banks was seen heavy selling pressure
PSU Bank index went up 2.5% higher
Hdfcbank, Kotakbank, Icicibank and Axisbank dropped 2% from day’s high to low
Banknifty Sept series ended at 39100 with a premium of 150 points
BankniftyFuture is facing a intraday resistance 39200, 39330 and 39550
Stay caution at higher levels!!
On other hand, BNF can be considered as supports as 39050, 38900 and 38750
Below 38750 will try to check 38500
Updated: 08.32 am / 26th Aug 2022