BankniftyFuture last close: 20979.15 (+2.4%)
BankniftyFuture was climbed 2.4% on Friday was seen strong short covering on first day of Oct series
On Sept series Banknifty high was 25270 and low of 20440. Almost 5000 points fell from high to bottom
Today focus on Bank index “Interest on Interest” case hearing
If unfavorable for banks maybe Rs 15000-20000cr cut to banks
Oct series expecting volatility and range of 19500 to 24000
SGXNifty indicate a positive opening and bank index also will open positive note
Today BankniftyFuture is facing a intraday resistance at 21100 and 21230
If crossover and sustains above 21230…….. Expecting some rally up to 21350-21530
Above 3rd and 4th resistance are very crucial for today’s trade…… Stay caution!!
Today BNF can be considered as supports as 20850, 20770 and 20600
Below 20600………. Finding a next support around 20400
More live market update will be sent to my clients only
Updated: 08.20 am / 28th Sept 2020
