BankniftyFuture last close: 29208.70 (-1.8%)
What a volatility on yesterday’s trade
Index was opened at 29953 and went up to 30190 then took U turn and bears dominate on entire day……….index slipped up 29150
Almost 1000 points dropped from intraday high
All leading banks stock fell 2% to 4%……. Like hdfcbank, Axisbank, Kotakbank, and Icicibank
Today expecting another volatile day ahead of November series expiry
BankniftyFuture was broken 30000 scale but did not sustained and fell more than 1000 points from intraday high 30190 to 29148 on yesterday
Index was formed a strong bearish candle after the rallied from 23500 to 30200
Now, Yesterday’s high is the strong resistance zone for coming days
Let’s see today BNF is facing a intraday resistance 29400, 29525 and 29800
Above 2nd and 3rd resistance is the crucial for intraday……… Stay caution!!
Today BNF considering a supports 29150, 29000 and 28800
Strong support zone around 28500……….
More live market update will be sent to my clients only
Updated: 08.28 am / 26th Nov 2020
