BankniftyFuture July last close: 21654.80
August last close: 21631.40
What a terrible day!! Bankniftyfuture was seen huge selling pressure on whole day!!
Yes, Bears have an upper hand and index fell 2.3%
BNF was opened at 22090 and went up to 22259.80 then dropped 21562
I have recommended selling alert BNF at 22200 and booked profit 300 points!!
All front line bank stocks fell heavily. Axisbank, Indusindbank, and SBIN fell 3-5%
Hdfcbank, Icicibank and Kotakbank fell 0.5% to 2%
BankniftyFuture likely to open at negative note and expecting volatility trade during the day
Today BNF is facing a intraday resistance at 21770, 21900 and 22100
Above three levels are crucial for today’s trade!!…….. Sell on rise!!
Today BNF can be considering a support at 21560, 21440 and 21300
Once if breaks and manages below 21300……. Finding a next support around 21050
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Updated: 08.35 am / 31st July 2020