BankniftyFuture last close: 24539.35 (+3.9%)
What a amazing rally in Banknifty index……… The rally was expected but late
That rally was confirmed when index closed above 23100
In last three months Nifty climbed almost 2000 points but bank index didn’t moved
When compared the recent rally in Nifty to Bank index could be around 28000
On Friday all bank stocks ended in green. Especially Indusindbank climbed 12%
Axisbank gained 8%, Icicibank spiked 4.5% and Kotakbank added 3.3% gain
I have recommended two times CE options 24100CE and 24200CE
Also recommended BankniftyFuture buying alert………!!
BankniftyFuture rally will be continued and every declines can buy
Today BankniftyFuture is facing a intraday resistance at 24750 and 24880
Once if breaks and manages above 24880……… Then will move 25100-25350
Today BNF considering a supports 24350, 24250 and 24000
Buy on declines and don’t think to short
More live market update will be sent to my clients only
Updated: 08.30 am / 31st Aug 2020
