BankniftyFuture last close: 24537
BankniftyFuture was consolidated 24400 to 24600 on Friday
Today’s talk of the town is “Kotakbank take over Indusindbank”
But both banks are denied the news. But media playing
Today Kotakbank will declare earnings report
On this week Axisbank and Icicibank will be declaring results
On Sept month expiry week Banknifty was fell almost 7% within 4 sessions but entire Sept month was seen selling pressure
We are in Oct month expiry week. But Oct series Banknifty was made a low of 20431 on first day of Oct series and made a high of 24880 on last week
Today BankniftyFuture is facing a intraday resistance at 24650, 24760 and 24880
Above 2nd and 3rd resistance are crucial for today’s trade
Once if breaks and manages above 24880…….. Expecting further up trend…… to 25100+
Today BNF considering a supports 24450 and 24300
Below 24300……….. Finding a next support around 24050
More live market update will be sent to my clients only
Updated: 08.22 am / 26th Oct 2020
