Category: Bank Nifty Future Update

BankniftyFuture last close : 19135.50 (+1.80%)

BankniftyFuture saw a another volatile session. Ended with green mark

But, In last one hour BNF has slide almost 500 points from intraday high 19500

I have recommended buying alert BNF at 19175 and achieved given intraday target 19450

Today BankniftyFuture is facing a intraday resistance at 19330 and 19530

Above two resistance are crucial for Today’s trade!!……… Suppose

If crossover 19530 with volumes………Finding a next major resistance at 19900

If any rise………. Chance for bears……. Yes, Sell on rise!! Nothing else!!

Today BNF can be considered as supports as 18950 and 18750

Below 18750……… Expecting more weakness up to 18400

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Updated : 08.25 AM / 01st April 2020

Recommended buying alert BankniftyFuture around 19160-19200 Target 19400, 19500 SL 18950

After our alert BNF rocked up to 19500……….. Achieved given targets!!

Sent alert to our clients book full profit at 19450. Almost 275 points per lot

Updated : 02.42 PM / 31st March 2020

BankniftyFuture last close : 18799.55 (-5.0%)

BankniftyFuture was fell 5% on Yesterday and saw volatility trade in whole day

 Major bank stocks fell more than 5%, likes Kotakbank, HDFCBank, ICICIBank and SBIN

Today BankniftyFuture is facing a intraday resistance at 19000 and 19150

If crossover 19150 with volumes, Then will move up to 19450 and 19700

Today BNF considering a supports 18500 and 18200

Below 18200………. Stay caution!!

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Updated : 07.47 AM / 31st March 2020

BankniftyFuture last close : 19778.65 (+0.90%)

What a swing trade on Friday……… After RBI Governor speech BNF was melted from 21272 to 19350………Oops!!

Last week BNF was bottom to top 5250 points, Low was 16020 and high was 21272

Today BankniftyFuture is facing a intraday resistance at 19700, 19870 and 20200

Every rise to sell…….. Don’t think to buy at resistance zone!!

Today BNF considering supports 19420 and 19250

Once if breaks and holds below 19250…….. Finding a next supports 18750-18400

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Updated : 08.16 AM / 30th March 2020

BankniftyFuture March last close : 19597.90

April last close : 19338.90

RBI Governor to address media at 10 AM

Expecting some announcements likes, extended loan payment or EMI or Rate cut

Banknifty April series closes with a discount of 275 points…… Seems long unwinding!!

Today BankniftyFuture is facing a intraday resistance at 19500 and 19720

After Governor speech BNF if sustains above 19720, Finding a next resistance 20000 and 20350.

Today BNF can be considered as supports as 19200 and 18950

Below 18950, Expecting some weakness up to 18700 and 18450

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Updated : 08.32 AM / 27th March 2020

BankniftyFuture last close : 18487 (+9.20%)

Yesterday BankniftyFuture was gained 1558 points

Made a low was 16600.25 and went up to 18735.55, Finally closes at 18487

Major contributed stocks Hdfcbank, Kotakbank, Icicibank and Axisbank

Today BankniftyFuture is facing a intraday resistance at 18700, 18900 and 19120

Above levels are strong resistance zone for today’s trade!!

Suppose if crossover 19120 with volumes, Then finding a next resistance at 19500

Today BNF considering supports 18300 and 18080

Below 18080………. Weakness will be expected up to 17850 and ?

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Updated : 08.22 AM / 26th March 2020

BankniftyFuture last close  :16929.75

What a volatility market……. Oops!!

BankniftyFuture was opened at 17550 and went up to 17950 then slide up to 16020 again went up to 17500. Finally closes at 16929

Did you know ?……… Yesterday’s swing was 3800 points!! Worst scenario.

Banknifty 14k, 15k and 16k PE was huge open interest on Yesterday… Maybe writing!!

Today BankniftyFuture is facing a intraday resistance at 17100 and 17350

If crossover 17350 with volumes, Finding a next resistance at 17550 and 18000

Today BNF can be considered as supports as 16700, 16450 and 16200

Below 16200………… Expecting more weakness up to 15700

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Updated : 07.57 AM / 25th March 2020

BankniftyFuture last close : 16881.05

No need to write yesterday’s fell.

Today Bankniftyfuture is likely to open on a gap up likes 500-800 points

Today BNF is facing a intraday resistance at 17150 and 17350

If crossover 17350 with volumes, Will try to move 17550, 17900 and 18350

Today BNF can be considered as supports as 16850, 16500 and 16200

Don’t short at lower levels!!

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Updated : 08.39 AM / 24th March 2020

BankniftyFuture last close : 20294..35 (+1.3%)

BankniftyFuture was underperformed on Friday’s trade

On Friday, Banknifty was gained 1.3% only despite Nifty was climbed 6.30%

Most of the bank stocks like HDFCBank and Indusindbank saw very weakness

First know to Today’s circuit levels…..Bank Nifty spot – 10% circuit at 18,285.80, Circuit 15%at 17,270 and Circuit 20% at 16,254.10

Today BNF will be opened at gap down and considering supports 19300 and 18800

Below 18800……. Finding a next support around 18300 and 17700

As per 5 year’s technical chart BankniftyFuture considered as strong support as 16600

No need to write Today’s resistance!!

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Updated : 08.03 AM / 23rd March 2020