29th Jan 2021 #BankniftyFuture Intraday Levels

BankniftyFuture Jan last close: 30306.75

Feb last close: 30364.70

What a volatile day. In last 30 minutes BankniftyFuture surged more than 400 points

Maybe option seller having huge trouble on yesterday

However, Banknifty was closed almost 100 points positive note which was helped Axisbank and Icicibank to lift the index

Hdfcbank was seen huge selling pressure and stock declined 2.7%

In past 4 sessions Banknifty fell 3100 points from recent high to yesterday’s low

SGXNifty indicate a positive opening for the index and followed by banknifty will open positive note but volatility will be continued

Today BankniftyFuture is facing a intraday resistance at 30525, 30650 and 30800

Above 2nd and 3rd resistance are crucial………. Sell on rise!!…… Avoid fresh buying at higher levels!!

Today BNF can be considering a supports 30230, 30100 and 29930

Below 29930……. will try to check 29650-29500

Don’t short at deep lows!!

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Updated: 08.04 am / 29th Jan 2021