While updating BankniftyFuture were trading at 24850 and marked a low of 24470
In last 3 months Banknifty daily chart formed V shape
On Aug 31st Banknifty was made a high of 25270 and 24th Sept index was made a low of 20430 again now shot up to 24880
Now, BankniftyFuture is facing a resistance 24940, 25100 and 25300
Time for cautions around 25000-25300 levels!!
Index considering a support 24730 which is placed 3 hrs low and 24600
Don’t short at lower levels
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Updated: 12.34 pm / 21st Oct 2020