31st July 2020 #BankniftyFuture Intraday Levels

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