BANKNIFTY1! Banknifty futures: BN did much better than nifty yesterday; once again 60915 priced difficult to breach; and BN retraced from there; a break of 60915 will open up a target of 61311; supports are at 60538 & 60353; once again PSU banks did the heavy lifting with SBI doing a new ATH; pvt banks are yet to get the memoWhat traders are saying
BANKNIFTY1! Banknifty futures: BN did much better than nifty yesterday; once again 60915 priced difficult to breach; and BN retraced from there; a break of 60915 will open up a target of 61311; supports are at 60538 & 60353; once again PSU banks did the heavy lifting with SBI doing a new ATH; pvt banks are yet to get the memoBANKNIFTY1! Banknifty futures: pretty much the entire move yesterday can be attributed to SBI, which continued to create new ATHs after an ATH earnings print; the key level is 60951; a break will open up a target of 61311; supports are at 60538 & 60353; buy on dipsBANKNIFTY1! Banknifty futures: again underperforming the broader index; 60915 is key now; a break will open quite a bit of upside; large private banks still continue to sit out except for Axis Bank; above 60915 the target is 61311: below 60915, supports are at 60538 and 60353BANKNIFTY1! Banknifty futures: the trump trade candle sort of blurs what is the ATH for BN now; yesterday SBI lead the rally following stellar earnings; private banks supped; BN remains a buy on dips with resistances at 60915- which was the ultimate target in this move on weeklies, followed by 61311; supports are at 60538-60353 & 60152
BANKNIFTY1! When price reaches supply, professionals prepare.Not hope. Not noise. Just levels.
BANKNIFTY1! Banknifty futures: BN did the target of 60915 which was the target in the upmove that started in October 25; the high was above 61300, before a drop of more than 1000 points; pretty much all banks participated; buy on dips till 59474 breaks; that’s painful as that’s quite far away, but that’s what big gaps do: resistances are at 60353- 60538 and supports are at 60152-59893 and then at 59609BANKNIFTY1! BankNifty Futures: Underperformed the NIFTY yesterday with very few banks chipping in; Being an event driven day- the key level to watch out for is 59600- that's a key pivot- above this the resistances are at 59893 & 60152; Supports below 59600 are at 59406- 59256- 59059 & 58837; BN had also taken it on the chin on budget day; so still has plenty of shorts sitting on it.BANKNIFTY1! Banknifty futures: BN had moved into a buy on dips zone only to have all that changed in a day; yesterday’s candle makes the range quite big to trade; supports are at 58576- 58251 and below this at 57972; resistances are at 59726-58876 and 59059; results have not disappointed too much. PSU banks had help up quite well till yesterdayBANKNIFTY1! Banknifty futures: BN finally gave in. Did much worse than the broader index after a while; as mentioned yesterday, once the support at 59059 broke, BN fell nearly 700 points before finally recovering a bit, to again get sold into; the index is now a sell on rise; resistances are at 59059-59256 and 59406; supports are at 58837-58726 - 58576 and 58251BANKNIFTY1! Banknifty futures: BN also gave up yesterday succumbing to the broader sell off; PSU banks have been doing quite well by rotation off late; the buy on dips structure remains- albeit with no momentum support; resistance at 60152 and supports at 59893-59600 and 59406; 59600 is a key pivot.