22nd May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 17644.85

RBI governor will address a press conference today at 10 am. This will be third conference in the context of Covid-19.

Expecting governor may announce an extension of the loan moratorium for term loans for a few more months.

Also comment on the recent economic package announced by the govt and impact in the economy.

On Yesterday, BNF was not retained at higher levels and slipped almost 500 points from intraday high.

Today Bankniftyfuture is facing a intraday resistance at 17820, 17975 and 18200

Above three levels are crucial resistance for today’s trade

If any magic is happened and will cross 18200………. Then will move 18500+

Today BNF can be considered as supports as 17540, 17440 and 17300

Below 17300………. Expecting further weakness up to 17000

More live market update will send to my clients only

Updated : 08.47 AM / 22nd May 2020

#BankniftyFuture noon update

While updating BankniftyFuture were trading at 18030, marked a high of 18175 and low of 17796.65

BNF is trading well and trading 220 points higher which is supported stocks Hdfcbank, Icicibank, Kotakbank all trading around 1.5% to 2%

On weekly options, 18200CE and 18300CE seems highest OI 11 lakh and 12 lakh

On PE side 18000PE and 17800PE seems highest OI 12 lakh and 10 lakh

Now, BNF is facing a intraday resistance at 18175-18250. If crossover 18250

Then only we see more short covering!!

BNF considering supports 17950 and 17800, Below 17800 will try to check 17650

Probably BNF consolidating around 17900-18100 based on OI

More live market update will be sent to our clients

Updated : 12.20 PM / 21st May 2020

20th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 17438.75

BankniftyFuture was opened positive note then seen selling pressure and closed in red

BNF was opened 17735 and went up to 18165 then fell and made a low of 17318

Yesterday morning I did written in my blog BNF resistance at 18250 and support 17300

I have recommended buying alert 18000PE at 400 and achieved target 700

Kotakbank, Icicibank gained 1% and Hdfcbank, Axisbank dropped 0.75%

Today BankniftyFuture is facing a intraday resistance at 17580, 17680 and 17900

Above three levels are crucial resistance for today’s trade!!

If crossover 17900 and holds above the level…….. Will try to check 18200

But, Stay caution at higher levels!!

Today BNF can be considered as supports as 17350, 17200 and 16960

Below 16960……….. expecting more weakness up to 16700

More live market update will be sent to my clients only

Updated : 08.13 AM / 20th May 2020

19th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 17531.60 (-6.80%)

What a panic selling on Yesterday’s trade!!…….BankniftyFuture was dropped 1276 points

Large bank stocks was fell more than 7%. Icicibank, Hdfcbank, Kotakbank, Axisbank and SBIN

BNF index fell almost 2 months low. In last 3 sessions BNF was fell 2700 points!!

As per global cues BNF will open gap up…….. But million $ question, Is sustain at opening level ?

Today BNF is facing a intraday resistance at 17870, 18050 and 18250

If crossover 18250 and holds above the level will try to move 18470 and 18700

First 15 minutes high is very important. If not sustain at opening gain

Expecting selling pressure and considering supports 17760, 17600 and 17300

Don’t short at very lower levels!!

More live market update will be send to my clients only

Updated : 08.31 AM / 19th May 2020

18th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 18807.70

BankniftyFuture was fell 268 points on Friday’s trade

BNF has opened high was 19069 then dropped and made a low of 18651. Finally closed at 18807.70

Today BNF is facing a intraday resistance at 18940, 19060 and 19200

If crossover 19200 and holds above the level, We see little bit bounce back up to 19380

But, Every rise can sell…….. There is no strength in market!!

Today BNF can be considered as supports as 18740, 18640 and 18500

Below 18500, Expecting more weakness up to 18240

Don’t short at very lower levels!!

More live market update will be sent to our clients only

Updated : 08.25 AM / 18th May 2020

15th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 19038.75 (-2.90%)

As expected BankniftyFuture was fell on Yesterday

BNF was made a high of 19340 then cooled off 18957.25. Finally settled at 19038

Today BankniftyFuture is facing a intraday resistance at 19140 and 19260

If crossover and holds above 19260, Then finding a next resistance around 19400

But, If comes higher levels can sell and keep a stop of resistance levels!!

Today BNF can be considered as supports as 18980, 18920 and 18820

If breaks and holds below 18820, Expecting further weakness up to 18600

More live market update will be sent to our clients only

Updated : 08.31 AM / 15th May 2020

14th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 19617 (+4.10%)

BankniftyFuture was opened gap up and sustained above 19600 mark and Gained 4.1%

Icicibank was major contributed for lifting Bank index

Kotakbank result was inline with expectation but could not move

Bandhanbank, Rblbank, Icicibank and Aubank beneficiary stocks for NBFC fund allocation

BankniftyFurure is expected to open at gap down and expecting volatile trade during day

One thing is clear in last 8 sessions, There is no strength at higher level if comes higher level seen huge selling pressure.

Today BNF considering a intraday supports 19540 and 19400

If breaks and holds below the level 19400, Finding a next supports 19180 and 18900

Today’s BNF is facing a intraday resistance at 19650-19850. If rise can sell

Don’t think to buy at higher levels!!

More live market update will be sent to our clients only

Updated : 08.42 AM / 14th May 2020

#BankniftyFuture noon update

While updating BankniftyFuture were trading at 19730. Marked a high of 20199 and low of 19455. Bank index climbing 5% or 850 points.

FM media address at 4 PM. How will allocate 20 lakh Cr ? She will briefing 4 PM.

So it will react tomorrow market.

Icicibank gained 5%, Hdfcbank 4%, Axisbank &  Sbin 5%, and Kotakbank 4%

But…….. BNF is not retained at higher levels likes 19850-20100

Now, BNF is facing a intraday resistance at 19850, 19970 and 20100

If not sustained above levels……. Will try to check next supports 19570, 19450 and 19300.

Maybe BNF will consolidate around 19600-19900 in next 3 hours.

More live market update will be sent to our clients only

Updated : 12.13 PM / 13th May 2020

13th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 18839.10

Yesterday BankniftyFuture (BNF) was opened at 18695 then slipped up to 18209

In last one hour seen sharp bounce back up to 18991. Seen highly volatility.

Icicibank, Hdfcbank, and Axisbank has recovered intraday’s loss in last 1 hour

Today Kotakbank will be declaring earnings report, Stock was fell almost 200 pts in last 8 days

Today’s BankniftyFuture supports and resistance levels

Where to entry and exit will be send to our clients during market hours

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Updated : 08.23 AM / 13th May 2020