Category: Bank Nifty Future Update

BankniftyFuture were trading at 21810, marked a high of 21940 and low of 21471

Now, Bankniftyfuture is facing a intraday resistance today’s high 21940

If crossover and manages above the level, Will try to move 22100-22200

But, Stay caution at higher levels!!………

BNF considering supports 21720 and 21640 (three hrs swing low)

Thereafter bears will be dominating up to 21500 to 21330

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Updated : 01.44 pm / 15th July 2020

Today’s BankniftyFuture supports & resistance levels

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

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

Updated : 08.31 am / 15th July 2020

Bankniftyfuture last close: 22174.55 (-1.2%)

BankniftyFuture was seen huge selling pressure on yesterday’s trade

BNF was opened at 22625 and went up to 22664 then slowly melted and made a low of 22028. Finally settled at 22174.55

Do you know ? Yesterday I did mention in my blog BNF support at 22000

All front line bank stocks seen selling pressure

Hdfcbank fell 2.25%, Icicibank lost 1.8%, Kotakbank and SBIN fell 1.5%. Axisbank ended at marginal high 0.1%

Something cooking in HDFCBank in last few sessions. Stock fell 50 rupees from recent high

As per global cues and SGXNifty indicates in negative opening, Hence the Bank index also will open negative.

Technical chart shows, Banknifty index formed bearish candle and trend line also broken.

Today BNF can be considered as supports as 22000, 21820 and 21700

Once if breaks and consolidate below 21700, Expecting further weakness up to 21500

Today BNF is facing a intraday resistance at 22275, 22360 and 22550

Once if rise can sell likes resistance zone!!

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Updated: 08.26 AM / 14th July 2020

Bankniftyfuture last close: 22435.85 (-2.1%)

On Friday BankniftyFuture was seen selling pressure and index declined 2.1%

BNF was made a high of 22820 then slide up to 22325.40 and finally ended at 22435

Axisbank declined 3.12%,  Indusindbank dropped 3.10%, Icicibank lost 2.70% and HDFCbank fell 1.76%

All front line stocks came down and seen selling pressure on Friday’s trade.

BankniftyFuture weekly trend decider 22000 and 23150

Today Bankniftyfuture is facing a intraday resistance at 22500, 22585 and 22700

If crossover 22700 and holds above the level expecting next resistance at 22950

Today BNF can be considered as supports as 22360 and 22300

Below 22300, Finding a next supports 22160 and 22000

Buy at decline and keep a stop of supports……..

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Updated : 08.27 AM / 13th July 2020

BankniftyFuture last close: 22908 (+1.3%)

Yesterday Bankniftyfuture was seen silently spotted and closed above three month high

BNF was made a low of 22650 and high of 22980. Finally settled at 22908

Axisbank, Kotakbank, Hdfcbank and SBIN contributed points to index climbing

Icicibank and Indusindbank closed at marginal higher likes +0.5%

Highest open interest was seen 23000CE and 21500PE

Today BankniftyFuture is facing a intraday resistance at 23000 and 23125

Above two levels are hurdle…….. Suppose once if breaks and holds above 23125

Bull’s action will be continued up to 23270+

Today BNF can be considered as supports as 22820, 22700 and 22520

Above 2nd and 3rd support is strong for today’s trade…….

If you want to buy at decline and keep stop of supports

Suppose if breaks and manages below 22520…….. Expecting some weakness!!

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Updated : 08.32 am / 10th July 2020

BankniftyFuture last close: 22610.75

Bankniftyfuture was seen huge volatility on yesterday’s trade

Yesterday up to 2.30 pm was seen healthy market and gradually increased index

After 2.30 pm………. Bears have an upper hand and BNF cracked from intraday’s high 23118 to 22532.85

Almost 600 points fell within 15-30 minutes……..!! But I have expected that much of fall

Icicibank, Kotakbank and Axisbank was seen profit booking

HDFCBANK and SBIN has closed at in green zone

Today also volatility will be continue ahead of weekly expiry and global cues

Today BNF is facing a intraday resistance at 22775 and 22950

Once if holds above 22950……… Rally will be expected up to yesterday’s high 23120

Today BNF can be considered as supports as 22500 and 22420

Below 22420……… Finding a next support around 22270-22000

More live market update will be sent to my clients only

Updated : 08.36 am / 09th July 2020

BankniftyFuture last close: 22603.30 (+1.7%)

Last Thursday, Friday and Monday BankniftyFuture was under performed and Nifty performed well

Yesterday BNF was under performed up to 12 pm…… After noon index spiked up to 650 points.

Morning I given selling alert BNF at 22100 then exited at cost.

Icicibank gained 4%, Indusindbank added 6%, Axisbank spiked 3% and Bandhanbank gained 10%  was most contributed stocks to Bank index climbed.

HDFCbank marginally higher

BNF has formed bullish candle and closes above the recent top

Today BankniftyFuture is facing a intraday resistance at 22730, 22800 and 22960

Once if breaks and holds above 22960…….. Expecting more rally up to 23200

Today BNF can be considering a supports 22540, 22480 and 22400

If breaks and manages below 22400…….. Finding a next support around 22230 and 22000

Every decline can buy with a stop of supports

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Updated : 08.29 AM / 08th July 2020

BankniftyFuture last close: 22226.30 (+1.80%)

BankniftyFuture opened at gap up at 22200 and went up to 22444 (flashed) then consolidated around 22200-22330.

BNF was closed at 22226. Almost 220 points lower from intraday’s high

HDFCbank did very well and stock closed at 2.7%

Axisbank,Indusindbank, Kotakbank and SBIN performed well around 1% to 2% higher

ICICIBank did not well and stock closed with marginally higher

Today Bankniftyfuture is facing a intraday resistance at 22320, 22400 and 22560

Above three resistance are very crucial for today’s trade.

If anyone want to create shorts at higher levels…….. Keep stop of 22560

Suppose if crossover and manages above 22560…… Will try to check 22750+

Today BNF can be considered as supports as 22140, 22065 and 21930

Thereafter will try to check 21750………

More live market update will be sent to my clients only

Updated : 08.15 am / 07th July 2020

BankniftyFuture last close: 21843.90 (-0.6%)

BankniftyFuture was did not well in last two sessions

In last two sessions BNF struggled around 22200-22300

HDFCBank, Icicibank and Indusindbank fell 0.5% to 1.5%  on Friday

In last week BNF was seen almost 100-150 points discount but now almost narrowed just 10 pts

Today BankniftyFuture is facing a intraday resistance at 21960 and 22080

Once if breaks and holds above 22080, Finding a next resistance around 22300

Suppose if crossover 22300 and manages above the level, We see further rally upto 22530

Today BNF can be considered as supports as 21800 and 21750

Below 21750…….. Will try to check next support around 21500

More live market update will be sent to my clients only

Updated : 08.25 AM / 06th July 2020

Last close: 21977.30

BankniftyFuture was seen selling pressure on yesterday’s trade

BNF was made a high of 22289.65 then fell up to 21827 again went up to 22250 in last 1 hours again melted up to 21950.

Axisbank, Icicibank and Kotakbank was seen selling pressure and stock fell 0.5% to 2%

HDFCBank seen at marginal higher and stock gained 0.4%

Today BankniftyFuture is facing a intraday resistance at 22150 and 22300

Once if breaks and holds above 22300……… Expecting more strength up to 22530

As per yesterday’s data………Stay caution at higher levels or stay calm

Today BNF can be considered as supports as 21890, 21800 and 21685

Below 21685 and manages below the level……… Finding a next support around 21500

More live market update will be sent to my clients only

Updated : 08.35 AM / 03rd July 2020