BankniftyFuture last close: 21235.20 (-1.1%)
Bankniftyfuture was seen consolidated trade on yesterday
BNF was made low of 20886.35 then spiked up to 21250…… Finally closed at 21235
(I did mentioned in my blog “BNF will take support around 20800)
HDFCBANK did very well after fund raising news ( I did recommended 1040CE to hold)
BNF was seen 135 points discount….. and I expecting it will comes to reduce discount
Axisbank fell 4.73%, BOB dropped 5%, Indusindbank and Bandhanbank fell around 3%
HDFCBank added 1.85% to contribute bank index climb
Today BankniftyFuture will be open at higher level followed by global cues
BankniftyFuture is facing a intraday resistance 21350 and 21475
If crossover and holds above 21475……… Finding a next resistance around 21650
BNF considered as supports as 21150, 20995 and 20800
Will act strong support zone around 20800…….. Below the level bears will be dominate
Means if decline can buy with a stop of 20800
More live market update will be sent to my clients only
HDFCBANK has shown strong strength on yesterday after fund raising news
Stock if holds above 1065…….. Will try to check 1090, 1105 and 1125
Supports 1065 and 1050
ICICIBANK considering a support zone around 334-336
If not breaks the level…….. no problem!!
Updated : 08.30 AM / 30th June 2020
