BankniftyFuture last close : 32554.05
Yesterday Banknifty was slightly down and volume also very low
BNF premium also too high almost 200 points is there
Some positive news seems Rs 6575 Cr resolution for Amaravati power project to Hdfcbank, Sbin and Indusindbank
Today BankniftyFuture is expected to trade consolidate around 32400-32600
Today BNF is facing a intraday resistance around 32585, 32620 and 32750
Stay caution at higher levels…….. Wait for fresh buying!!
Today BNF can be considered as supports as 32450 and 32360
Thereafter some profit booking will be expected up to 32200
Don’t short at very lower levels!!
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Updated : 08.50 AM / 31st Dec 2019