28th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 18663 (+7%)

What a fantastic rally……..Superb rally in May series!! Index was gained 1220 points (7%)

Did you know? On April series expiry day BNF was closed at 21527 and May series low was 17005 fell 4522 points in last 17 trading days.

In single day (yesterday) BNF was climbed 1200 pts.

All leading bank stocks rose up to 5% to 12%

Yesterday recommended 17500CE at 265 and hit target at 550 then CE was rose up to 1250

Today expecting another huge volatile session ahead of May expiry

As per technical data BNF is facing a intraday resistance at 18800, 18970 and 19100

If crossover 19100 and manages above the level, Finding a next resistance up to 19440

Today BNF considering a key supports 18420, 18280 and 18000

If comes support zone can buy with a stop of 18000

Option writer……. Stay caution!!

More live market update will send to my clients only

Updated : 06.45 AM / 28th May 2020