#BankniftyFuture noon update

While updating BankniftyFuture were trading at 22330. Marked a high of 22580 and low of 22280

Index fell 300 points from intraday’s high

RBI Governor Shaktikanta Das delivers the keynote address at FICCI National Executive Committee Meeting

Icicibank, Kotakbank and Axisbank down 1% to 2% and Hdfcbank seems marginal gains

Now, BankniftyFuture seems selling pressure at higher levels and not sustained opening level

BNF considering a supports 22275, 22150 and 22050…. Below 22050 expecting more pain

Index facing a intraday resistance at 22400 (1 hrs resistance) and 22530 (3 hrs resistance)

Suppose if consolidate above 22530…….. Will try to move 22700. But stay caution at higher levels

More live market update will be sent to my clients only

Updated: 12.03 pm / 16th Sept 2020