BANKNIFTY INDEX FUTURES
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Bank Nifty View

66
Bank Nifty future may trade between 24200 and 25000.
Today weekly expiry, as usual Bank Nifty is likely to be very volatile.
Yesterday it was up 500, then down 700, then up 600.
SGX nifty indicates mild gap down opening.
Markets may not fall much as FIIs pump in huge amount of money everyday.
Bank Nifty can touch the recent high of 25200, if the positive sentiment continue in Banking stocks.
There is no announcement of Stimulus so far.Negotiations seems to be going on.
India vix high.So always trade with cautious view.
Us market trading lower.
Above 24900 Bnf may go 25200 and below 24460 .....24200/23800 possible.
My sense is Bnf may consolidate in the range between 24460-24900.
Tight range 24700-24900
Scalping is the best strategy with smaller profits.


Not
Looking bullish may go 24760/24880.dont short
Not
24460 buying zone
if breaks 24460 downfall possible.
Not
short bnf with tight sl 24512
Not
tgt 24330/24200
Not
made a low 24390

Feragatname

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