BankniftyFuture last close: 21724.50 (+3.6%)
BankniftyFuture was gained 745 points or 3.6% and closed above four days high
Index has surged 1350 points in last two sessions
On yesterday, BNF opened 21100 and gradually went up to 21765
Bulls have dominated on last two entire sessions
RBI likely to hold MPC (Monetary Policy Committee) and the next meeting will likely be held next week
All bank stocks shown strong strength especially Indusindbank gained 7.8%, Axisbank added 5.85%, Icicibank surged 4.12%, Kotakbank spiked 2% and Hdfcbank gained 1%
SGXNifty indicate a positive opening for the index and BNF also will be opened positive note
Today BankniftyFuture is facing a intraday resistance at 21850 and 21950
If crossover 21950 and manages above the level will try to check 22150
Above three resistance are crucial for today’s trade!!………. Stay caution!!
Today BNF can be considering a supports 21650, 21575 and 21500
Below 21500…………. Will try to check 21300
More live market update will be sent to my clients only
Updated: 08.21 am / 29th Sept 2020
