BankniftyFuture last close: 23407.15
Bankniftyfuture has closed above almost six months high
BNF was opened at 23150 and sustained 23200-23250 in last 1 hour went up to 23400
SBIN, Axisbank, Kotakbank and Indusindbank was most helped to lift bank index
HDFCBANK and Icicibank did not well on yesterday
SGXNifty indicate a flat opening and bank index also followed by flat open
BankniftyFuture is facing a intraday resistance at 23430-23530
Once if breaks and manages above 23530……… Expecting further rally up to 23650-23800
Today BNF considering a supports 23300, 23180 and 23000
Buy on declines and keep a stop of 23000.
In first half day BNF maybe trading sideways only and second half expecting violent movement.
More live market update will be sent to my clients only
Updated: 08.22 am / 27th Aug 2020
