BankniftyFuture Nov last close: 29534.35
Dec last close: 29589.55
What a volatile day on Nov 26 series expiry day
Sharp rebound and comeback of bulls from lows after one weakness session
Index opened at 29370 and was seen sharp sell-off upto 28923 then bounced-back to 29623
Ooops………….Very tough fight was seen bulls and bears
Banknifty December series closed with a premium of 50 points
The Banknifty Nov expiry rollover is at 79.35% on Thursday compared to 73.59% on same day of previous expiry
Hdfcbank, Icicibank, Kotakbank, Axisbank and Sbin did well
BankniftyFuture is facing a intraday resistance at 29680 and 29770
Once if breaks and sustains above 29770………. Then will try to check 29980 and 30200
But……….. 2nd and 3rd resistance are hurdle for today’s trade
Once if sustainable move above 30200 levels could negate this bearish pattern completely, which was placed day before top
Today’s Bankniftyfutre is considered as supports as 29470, 29380 and 29220
Below 29220……….. Finding a next support around 29000
More live market update will be sent to my clients only
Updated 08.30 am / 27th Nov 2020
