Category: Bank Nifty Future Update

While updating Bankniftyfuture were trading at 29550

BNF opened at 29953 and went up to 30190 then cooled off 29495

VIX index climbing 9% at 23, seems huge volatility due to Nov expiry on tomorrow

In Nov series Banknifty was rallied from 23600 to 30190…….Gained almost 6600 points, Hence expecting huge volatility on today and tomorrow

Now, BankniftyFuture considering a support around 29400-29330

If breaks and sustains below 29330……. Then we see further sell-off up to 29000

Index facing a resistance 29775 (Two hrs resistance) and 30000 (two and half resistance)

Trade low qty!! OR Stay away

Updated: 12.31 pm / 25th Nov 2020

BankniftyFuture last close: 29729.90

BankniftyFuture was climbed 2.5% on yesterday

In last 5 sessions range was 29800 to 28600……… Now again at recent top

Index was opened at 29200 and shot up to 29783

Hdfcbank, Axisbank, Sbin, Rblbank and Icicibank  contribute to lift the index

Today’s BankniftyFuture supports and resistance levels

Entry and exit will be sent to my clients during market hours!!

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Updated: 08.40 am / 25th Nov 2020

BankniftyFuture last close: 29010.40

 What a volatility on yesterday’s trade

BankniftyFuture was opened at 29430 and went to 29641 then slipped and made a low of 28802 again shot up to 29400 and last 1 hour again slipped to 29000

Do you know ? Yesterday Bankniftyfuture swing was almost 2000 points up and down

That’s why option premium did not fall

Axisbank fell 2%, Icicibank dropped 2.50% and SBIN down 1.70%

Indusindbank gained 4.75% and Kotakbank gained almost 0.5%

BankniftyFuture volatility will be continued due to November series expiry week

Index was struggled 29500 to 29800 in last 4 sessions while bounced-back around 28500-28800

However, Key points of index 29800 and 28500 for today & coming days

Today BankniftyFuture is facing a intraday resistance 29170, 29280 and 29500

If crossover 29500…….. Will try to check 29800

Today BNF can be considered as supports as 28800 and 28500

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.34 am / 24th Nov 2020

BankniftyFuture last close: 29244.90 (+1.2%)

BankniftyFuture was gained 1.2% on Friday with high volatility

Index opened at 28950 and slipped up to 28562 then shot up to 29412

Action was seen Hdfcbank, Kotakbank, Icicibank and Axisbank

BankniftyFuture is facing weekly trend decider 29800 and 28450

Today BankniftyFuture is facing a intrday resistance at 29380 and 29525

If crossover and manages above 29525……….. Will try to check 29700-29800

Index considering a supports 29100, 29000 and 28700

Buy on declines and keep a stop of 28450

More live market update will be sent to my clients only

Updated: 08.41 am / 23rd Nov 2020

BankniftyFuture last close: 28912.05 (-2.8%)

Bulls dominated first half session and bears dominated second half with huge power

BankniftyFuture was opened at 29375 and went up to 29608 then sustained 29400-29500

After 1.30 pm…………… Bears return to high power and index slipped up to 28820

All banking stocks was seen profit taking

Sbin, Icicibank, Axisbank, Hdfcbank and Indusindbank seen selling pressure

Yesterday I have recommended 29400CE at 150 and booked profit at 260 in first half

In second half given 29400PE at 120 and booked profit at 280 then went up to 570

BankniftyFuture was formed a bearish intraday candle after 13 consecutive winning streak

Up and down trend is must for healthy market….. As expected market falling on yesterday

Today BankniftyFuture is facing a intraday resistance at 29050, 29170 and 29350

If crossover 29350…………. Then will move up to 29550. But stay caution at higher level

Today BNF considering a supports 28820 and 28700

Below 28700…………. Will try to check 28475

More live market update will be sent to my clients only

Updated: 08.51 am / 20th Nov 2020

Morning recommended buying alert 29400CE around 140-150

After my alert Banknifty rocked and 29400CE booked profit at 250

Second time given HERO or ZERO alert “Bought 29700CE at 60, 29400PE at 60”

Net value Rs 120

Second half Bankniftyfuture seen huge selling pressure and 29400PE rocked

Sent book profit at 250-270. After we booked profit PE went up to 570

Minting money…………. Nothing else!!

Updated: 03.10 pm / 19th Nov 2020

BankniftyFuture last close: 29756.40 (+2.1%)

Bankniftyfuture was shined again…….Index climbed 2.1% on Wednesday

Index was gained consecutive 4th day in a row

Banknifty was opened at 29050 and first 2 hrs sustained 29200-29300 then shot up to 29790

Indusindbank, Icicibank, Sbin, Kotakabank and Axisbank did very well

Hdfcbank gained marginally

BankniftyFuture has formed a strong bullish candle on Wednesday’s trade

Today SGXNifty indicate a negative opening and bank index also will open at negative and likely to witness volatility will be expected during the due to weekly expiry

Today BNF is facing a intraday resistance at 29860 and 29970

If crossover 29970………… Rally will be expected up to 30170

Today BNF considering a supports as 29620 and 29500

If breaks and manages below 29500………. Then will try to check 29300

Don’t short at lower levels!!

More live market update will be sent to my clients only

Updated: 08.44 am / 19th Nov 2020

While updating Bankniftyfuture were trading at 29360 marked a high of 29439.50 and low of 29037 (opening low)

In last 2 hrs index sustains around 29270-29350……….Something cooking!!

BNF seems open interest rising 17%…… Is more likely to break high if not breaks 29230

Now, BNF is facing a intraday resistance 29470 and 29600….. Thereafter 29750

Index considering support at 29250 and 29140………. Then will check 28950

Updated: 12.20 pm / 18th Nov 2020

BankniftyFuture last close: 29151.90 (+1.9%)

BankniftyFuture shining in everyday and index climbed 1.9% on Tuesday

Index was opened at 28750 went to 29090 then slide up to 28707 again shot up to 29213

Everyday index was accelerated minimum 1000 points

Kotakbank, SBIN, Hdfcbank and Axisbank did very well

Lakshmi Vilas Bank under one month moratorium until 16 Dec

RBI says : Depositors do not need to panic

Today’s BankniftyFuture supports and resistance levels

Entry and exit will be sent to my clients only

More live market update will be sent to my clients only

Noon update will be post around 12.30 pm……….. Be patient

Updated: 08.22 am / 18th Nov 2020

BankniftyFuture last close: 28596.35

In this Nov series BankniftyFuture was rallied from 23570 to 28999 gained 5430 points in last 12 days

Nifty after crossed life time high at 12430 now around 12900. Almost 500 points climbed

But, In Banknifty almost 3700 points away for life time high

However………. Banknifty will be in focus especially heavy weight stocks likes Hdfbank, Kotakbank, Icicibank and SBIN

Today BankniftyFuture is facing a intraday resistance at 28700, 28870 and 29000

Index finding a latest swing high was 29000……… If crossover the level, Looks very hot!!

Today BNF considering a supports 28550, 28430 and 28200

Buy on declines!!

More live market update will be sent to my client only

Updated: 08.30 am / 17th Nov 2020