BankniftyFuture last close : 27921.50
RBI has announced a big transfer from RBI could see bears cover shorts as Rs 1.76 lakh Cr is more than the Govt expected. Easier to to recapitalization of PSU banks along with more money for infra structure growth.
Today BankniftyFuture is facing a intraday resistance at 28030-28130-28250
Once if breaks and holds above 28250……… Rally will be expected up to 28520
BNF can be considered as supports as 27800-27670-27600
Buy at decline……….
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CANBANK if stays above 224……….
Rally will be expected up to 228-232
Support at 220
AXISBANK finding a trend line resistance at 689
Above the level…………… Looks good for bulls!!
Updated : 08.55 AM / 27th Aug 2019
