BankniftyFuture last close: 30928.30 (+1.6%)
BankniftyFuture was gained 2000 points in past 4 days low and yesterday index gained 1.6%
Last Wednesday BNF was made a low of 29000 (I did mention strong support on my blog)……….. Now around 31000
Banknifty life time high was 32613……….. Still around 1600 points left to hit ATH
Suppose if banknifty index will cross all time high maybe when Nifty will cross 14500
If Nifty will cross 14500……… Maybe Reliance will be major stock to contribute more points
Today BankniftyFuture will open above 31000 levels while SGXNifty indicate positive note
BankniftyFuture finding a recent resistance around 30950-31000. Once if manages above the level…………
Rally will be expected 31120, 31300 and 31500+
BNF can be considered as supports as 30800, 30720 and 30600
Suppose if comes support zone can buy index future or buy CE option or Sell PE option
Don’t think to short at lower levels
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Updated: 08.37 am / 29th Dec 2020
