BankniftyFuture last close: 21390.90 (-3.1%)
On Friday, BankniftyFuture was seen huge selling pressure and sudden fall from 22400 to 21800. Then bounced back up to 22100. Clearly shown weakness
On yesterday, BankniftyFuture opened at 22025 and went up to 22125 then seen huge sell-off up to 21290. Fell almost 850 points from day’s high.
Do you know ?………. I have recommended selling alert BNF at 22020-22050 but my target was 21750. Achieved given target.
HSBC and Standard Charted banks facing trouble hence reflected in Indian stocks
Many bank stocks was seen huge selling pressure likes Indusindbank fell 8.5%, Icicibank and Axisbank fell 5%, RBLbank declined 6.5%, Sbin down 3.5% and Hdfcbank fell 0.7%
Kotakbank only one bank closed in green at 0.8%
Today bankniftyfuture will open positive note and likely to witness huge volatility will be expected during the day
Today BankniftyFuture is facing a intraday resistance at 21450, 21560 and 21670
Once if breaks and holds above 21670……… Finding a next resistance around 21900
But………… Same mantra………….. Every rise sell and Don’t think to buy at higher levels!!
Today BankniftyFuture considering a supports 21230 and 21100
If breaks and holds below 21100……….. Then will try to check next strong support around 20850-20900
More live market update will be sent to my clients only
Updated: 08.18 am / 22nd Sept 2020