BankniftyFuture last close: 24346.70 (+3.2%)
Bankniftyfuture was seen strong rally on yesterday
Index opened at 23894 and made a low of 23786 then went up to 24409.80
HDFCBank did not well after the good results
But, Hdfcbank earnings report was helped to other private banks
Icicibank, Kotakbank and Axisbank was moved significantly
Banknifty options premium did not fall and sustains….. hence expecting huge movement in next 2 days
Today BankniftyFuture is facing a intraday resistance at 24450, 24520 and 24700
Above 2nd and 3rd resistance for strong resistance for today’s trade
Today BNF can be considered as supports as 24230, 24150 and 24000
Once if breaks and manages below 24000……..Finding a next support around 23750
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.28 am / 20th Oct 2020
