Bankniftyfuture last close: 22129.60
I did mention in my blog yesterday noon update ” BNF resistance around 22400″
What happened ? BNF was made a high of 22440 but not sustained above 22400 then fell up to 21964. Finally closed at 22129.60
Hdfcbank did not well stock declined 2%
Indusindbank shown strong strength up to 4.5% after the earnings report
Kotakbank was seen marginal high and Icicibank closed at marginal loss
SGXNifty indicate a flat opening hence BNF also will open flattish and likely to witness huge volatility will be expected ahead of July series expiry day
Today BNF is facing a intraday resistance 22225, 22280 and 22440
Above three resistance are hurdle for today’s trade!!…….. Suppose
If breaks and manages above 22440……. Will try to check 22650-22850
But……….. Again same mantra…….. Stay caution at higher levels!!
Today BNF can be considered as supports as 21980 and 21870
Below 21870 and holds below the level………… Finding a next support around 21630-21500
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Updated: 08.39 am / 30th July 2020