BankniftyFuture last close: 17216.10
On Friday, RBI was given surprise rate cut after the news all bank stock was fell
In last 15 days, BankniftyFuture was fell almost 5000 points. Its oversold
On Friday, After RBI policy I sent selling alert BNF at 17575 and booked profit at 17175. Booked 400 points within 30 minutes!!
Today BankniftyFuture is facing a intraday resistance at 17360 and 17480
If manages above 17480…….. Expecting short covering up to 17650-17780
But, Stay caution at higher levels……… If rise can sell.
Today BNF key support levels are placed at 17300, 17130 and 16950
If breaks and holds below 16950, Further weakness will be expected up to 16700
Don’t short at vert lower levels!!
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Updated : 08.29 AM / 26th May 2020
