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Banknifty & Banknifty Future

Last updated : 13 June 2021

Nifty Bank Index (also know as Banknifty Index) comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of Indian Banks. The index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE). HDFC Bank, ICICI Bank, Kotak Mahindra Bank, State Bank of India, Axis Bank, Indusind Bank, RBL Bank, Federal Bank, Bank of Baroda are main bank nifty index stocks. To trade in this index, exchange introduced trading though Banknifty Future. Code for Banknifty Future is BANKNIFTY. Currently lot size for Banknifty Future is 25. (Time to time lot size changed by exchange, so please check it once before taking any action).

Latest View on Banknifty & Banknifty Future

13 June 2021 : Banknifty closed at 35047.40. For tomorrow, 14 June 021, 35150 / 35350 important resistance level for Banknifty. Above these levels we can see more buying in Banknifty. 34900 / 34600 support level for Banknifty. Below 34600 we can see big sell off in Banknifty index. Above view only for educational purpose.

16 May 2021 : Banknifty closed at 32169.55 For tomorrow, 17 May 2021, 32360-32400 important level for Banknifty. If Banknifty cross these level in first hour trade then we can see target upto 32650 / 32800 in Banknifty. After crossing these levels Friday low will work as important support level for bulls. If Banknifty opening weak, then 31850-31930 is good level to cover short position and make fresh long position with small stop loss of 31600. We can see some reversal from 31900 level. Above view only for educational purpose.

11 May 2021 : Banknifty closed at 32872.20 Its weekly expiry tomorrow. In the downside 32700 / 32500 support level for Banknifty and in upper side 33150 / 33350 strong resistance. As per technical chart study closing was not that good today, any weakness tomorrow in market, may drag banknifty down to 32500-32550 level. These are spot levels .Above view only for educational purpose.

11 Nov 2020 : Banknifty closed at 28845.00 For tomorrow, 12 Nov 2020, Banknifty resistance level at 29050 / 29350 and support level 28600 / 28200. Above view only for educational purpose.

05 Nov 2020 : Banknifty closed at 26313.10 For tomorrow, 06 Nov 2020, Banknifty resistance level at 26600 / 26950 and support level 26000 / 25800. Above view only for educational purpose.

04 Nov 2020 : Banknifty closed at 25771.60 For tomorrow, 05 Nov 2020, Banknifty resistance level at 26000 / 26500 and support level 25500 / 25200. Above view only for educational purpose.

03 Nov 2020 : Banknifty closed at 25682.80 For tomorrow, 04 Nov 2020, Banknifty resistance level at 25900 / 26250 and support level 25500 / 25200. Above view only for educational purpose.

02 Nov 2020 : Banknifty closed at 24892.50. For tomorrow, 03 Nov 2020, Banknifty resistance level at 25250 / 25500 and support level 24600 / 24400. Above view only for educational purpose.

01 Nov 2020 : Banknifty closed at 23900.90. For tomorrow, 02 Nov 2020, Banknifty resistance level at 24250 / 24550 and support level 23700 / 23500. Above view only for educational purpose.

29 Oct 2020 : Banknifty closed at 24092.00. For tomorrow, 30 Oct 2020, Banknifty resistance level at 24350 / 24550 and support level 23800 / 23550. Above view only for educational purpose.

27 Oct 2020 : Banknifty closed at 24769.50. For tomorrow, 28 Oct 2020, Banknifty resistance level at 25000 / 25300 and support level 24500 / 24200. Above view only for educational purpose.

26 Oct 2020 : Banknifty closed at 24075.45.. For tomorrow, 27 Oct 2020, Banknifty resistance level at 24300 / 24550 and support level 23800 / 23500. Above view only for educational purpose.

25 Oct 2020 : Banknifty closed at 24478.30.. For tomorrow, 26 Oct 2020, Banknifty resistance level at 24650 / 24850 and support level 24250 / 24000. Above view only for educational purpose.

22 Oct 2020 : Banknifty closed at 24484.15.. For tomorrow, 23 Oct 2020, Banknifty resistance level at 24750 / 25000 and support level 24250 / 24000. Above view only for educational purpose.

21 Oct 2020 : Banknifty closed at 24635.05.. For tomorrow, 22 Oct 2020, Banknifty resistance level at 25000 / 25350 and support level 24300 / 24000. Above view only for educational purpose.

20 Oct 2020 : Banknifty closed at 24311.80.. For tomorrow, 21 Oct 2020, Banknifty resistance level at 24600 / 24850 and support level 24000 / 23750. Above view only for educational purpose.

19 Oct 2020 : Banknifty closed at 24266.75.. For tomorrow, 20 Oct 2020, Banknifty resistance level at 24400 / 24650 and support level 24000 / 23750. Above view only for educational purpose.

18 Oct 2020 : Banknifty closed at 23533.25.. For tomorrow, 19 Oct 2020, Banknifty resistance level at 23750 / 24000 and support level 23400 / 23200. Above view only for educational purpose.

15 Oct 2020 : Banknifty closed at 23072.40.. For tomorrow, 16 Oct 2020, Banknifty resistance level at 23350 / 23650 and support level 22900 / 22650. Above view only for educational purpose.

14 Oct 2020 : Banknifty closed at 23874.65.. For tomorrow, 15 Oct 2020, Banknifty resistance level at 24250 / 24550 and support level 23700 / 23500. Above view only for educational purpose.

13 Oct 2020 : Banknifty closed at 23492.20.. For tomorrow, 14 Oct 2020, Banknifty resistance level at 23575 / 23750 and support level 23300 / 23060. Above view only for educational purpose.

12 Oct 2020 : Banknifty closed at 23712.80.. For tomorrow, 13 Oct 2020, Banknifty resistance level at 24000 / 24250 and support level 23600 / 23300. Above view only for educational purpose.

11 Oct 2020 : Banknifty closed at 23846.80.. For tomorrow, 12 Oct 2020, Banknifty resistance level at 24000 / 24250 and support level 23600 / 23300. Above view only for educational purpose.

08 Oct 2020 : Banknifty closed at 23191.35.. For tomorrow, 09 Oct 2020, Banknifty resistance level at 23400 / 23650 and support level 22900 / 22600. Above view only for educational purpose.

07 Oct 2020 : Banknifty closed at 22964.80.. For tomorrow, 08 Oct 2020, Banknifty resistance level at 23150 / 23350 and support level 22700 / 22500. Above view only for educational purpose.

06 Oct 2020 : Banknifty closed at 22853.70.. For tomorrow, 07 Oct 2020, Banknifty resistance level at 23000 / 23350 and support level 22700 / 22500. Above view only for educational purpose.

05 Oct 2020 : Banknifty closed at 22370.95.. For tomorrow, 06 Oct 2020, Banknifty resistance level at 22500 / 22750 and support level 22200 / 22000. Above view only for educational purpose.

04 Oct 2020 : Banknifty closed at 22246.00.. For tomorrow, 05 Oct 2020, Banknifty resistance level at 22400 / 22600 and support level 22000 / 21800. Above view only for educational purpose.

30 Sep 2020 : Banknifty closed at 21415.70.. For tomorrow, 01 Oct 2020, Banknifty resistance level at 21600 / 21850 and support level 21330 / 21100. Above view only for educational purpose.

29 Sep 2020 : Banknifty closed at 21411.30.. For tomorrow, 30 Sep 2020, Banknifty resistance level at 21700 / 22000 and support level 21250 / 21000. Above view only for educational purpose.

28 Sep 2020 : Banknifty closed at 21665.50.. For tomorrow, 29 Sep 2020, Banknifty resistance level at 22100 / 22300 and support level 21350 / 21000. Above view only for educational purpose.

27 Sep 2020 : Banknifty closed at 20982.35.. For tomorrow, 28 Sep 2020, Banknifty resistance level at 21250 / 21600 and support level 20800 / 20600. Above view only for educational purpose.

24 Sep 2020 : Banknifty closed at 20456.85.. For tomorrow, 25 Sep 2020, Banknifty resistance level at 20750 / 21000 and support level 20200 / 20000. Above view only for educational purpose.

23 Sep 2020 : Banknifty closed at 21178.50. For tomorrow, 24 Sep 2020, Banknifty resistance level at 21400 / 21900 and support level 21000 / 20750. Above view only for educational purpose.

22 Sep 2020 : Banknifty closed at 21139.10. For tomorrow, 23 Sep 2020, Banknifty resistance level at 21400 / 21900 and support level 21000 / 20750. Above view only for educational purpose.

21 Sep 2020 : Banknifty closed at 21366.80. For tomorrow, 22 Sep 2020, Banknifty resistance level at 21600 / 21900 and support level 21000 / 20750. Above view only for educational purpose.

20 Sep 2020 : Banknifty closed at 22031.05. For tomorrow, 18 Sep 2020, Banknifty resistance level at 22150 / 22350 and support level 21800 / 21600. Above view only for educational purpose.

17 Sep 2020 : Banknifty closed at 22320.35. For tomorrow, 18 Sep 2020, Banknifty resistance level at 22500 / 22700 and support level 22200 / 22000. Above view only for educational purpose.

16 Sep 2020 : Banknifty closed at 22573.55. For tomorrow, 17 Sep 2020, Banknifty resistance level at 22750 / 23000 and support level 22440 / 22300. Above view only for educational purpose.

15 Sep 2020 : Banknifty closed at 22465.65. For tomorrow, 16 Sep 2020, Banknifty resistance level at 22600 / 22750 and support level 22300 / 22100. Above view only for educational purpose.

14 Sep 2020 : Banknifty closed at 22101.25. For tomorrow, 15 Sep 2020, Banknifty resistance level at 22350 / 22550 and support level 22000 / 21800. Above view only for educational purpose.

13 Sep 2020 : Banknifty closed at 22479.95. For tomorrow, 14 Sep 2020, Banknifty resistance level at 22560 / 22750 and support level 22300 / 22100. Above view only for educational purpose.

10 Sep 2020 : Banknifty closed at 22466.20. For tomorrow, 11 Sep 2020, Banknifty resistance level at 22700 / 22950 and support level 22300 / 22100. Above view only for educational purpose.

09 Sep 2020 : Banknifty closed at 22267.00. For tomorrow, 10 Sep 2020, Banknifty resistance level at 22400 / 22600 and support level 22100 / 21900. Above view only for educational purpose.

08 Sep 2020 : Banknifty closed at 22744.40. For tomorrow, 09 Sep 2020, Banknifty resistance level at 23000 / 23250 and support level 22600 / 22350. Above view only for educational purpose.

07 Sep 2020 : Banknifty closed at 22945.05. For tomorrow, 08 Sep 2020, Banknifty resistance level at 23150 / 23250 and support level 22850 / 22600. Above view only for educational purpose.

06 Sep 2020 : Banknifty closed at 23530.85. For tomorrow, 07 Sep 2020, Banknifty resistance level at 23150 / 23250 and support level 22850 / 22600. Above view only for educational purpose.

03 Sep 2020 : Banknifty closed at 23530.85. For tomorrow, 04 Sep 2020, Banknifty resistance level at 23800 / 24100 and support level 23200 / 22900. Above view only for educational purpose.

01 Sep 2020 : Banknifty closed at 23812.00. For tomorrow, 02 Sep 2020, Banknifty resistance level at 24000 / 24350 and support level 23600 / 23300. Above view only for educational purpose.

31 Aug 2020 : Banknifty closed at 23754.35. For tomorrow, 01 Sep 2020, Banknifty resistance level at 24000 / 24350 and support level 23600 / 23300. Above view only for educational purpose.

30 Aug 2020 : Banknifty closed at 24523.80. For tomorrow, 31 Aug 2020, Banknifty resistance level at 24800 / 25200 and support level 24150 / 23850. Above view only for educational purpose.

27 Aug 2020 : Banknifty closed at 23600.35. For tomorrow, 28 Aug 2020, Banknifty resistance level at 23680 / 23880 and support level 23400 / 23200. Above view only for educational purpose.

26 Aug 2020 : Banknifty closed at 23414.20. For tomorrow, 27 Aug 2020, Banknifty resistance level at 23600 / 24000 and support level 23200 / 23000. Above view only for educational purpose.

25 Aug 2020 : Banknifty closed at 23092.15. For tomorrow, 26 Aug 2020, Banknifty resistance level at 23200 / 23400 and support level 22800 / 22600. Above view only for educational purpose.

24 Aug 2020 : Banknifty closed at 22833.00. For tomorrow, 25 Aug 2020, Banknifty resistance level at 23100 / 23400 and support level 22600 / 22200. Above view only for educational purpose.

23 Aug 2020 : Banknifty closed at 22299.60. For tomorrow, 24 Aug 2020, Banknifty resistance level at 22450 / 22650 and support level 22200 / 22000. Above view only for educational purpose.

20 Aug 2020 : Banknifty closed at 21999.45. For tomorrow, 21 Aug 2020, Banknifty resistance level at 22150 / 22350 and support level 21850 / 21600. Above view only for educational purpose.

19 Aug 2020 : Banknifty closed at 22285.90. For tomorrow, 20 Aug 2020, Banknifty resistance level at 22500 / 22800 and support level 22000 / 21800. Above view only for educational purpose.

18 Aug 2020 : Banknifty closed at 22170.60. For tomorrow, 19 Aug 2020, Banknifty resistance level at 22250 / 22500 and support level 22000 / 21800. Above view only for educational purpose.

17 Aug 2020 : Banknifty closed at 21700.85. For tomorrow, 18 Aug 2020, Banknifty resistance level at 21900 / 22100 and support level 21500 / 21200. Above view only for educational purpose.

16 Aug 2020 : Banknifty closed at 21679.40. For tomorrow, 17 Aug 2020, Banknifty resistance level at 21850 / 22050 and support level 21500 / 21200. Above view only for educational purpose.

13 Aug 2020 : Banknifty closed at 22196.35. For tomorrow, 14 Aug 2020, Banknifty resistance level at 22350 / 22600 and support level 22000 / 21800. Above view only for educational purpose.

12 Aug 2020 : Banknifty closed at 22264.00. For tomorrow, 13 Aug 2020, Banknifty resistance level at 22500 / 22800 and support level 22000 / 21800. Above view only for educational purpose.

11 Aug 2020 : Banknifty closed at 22227.20. For tomorrow, 12 Aug 2020, Banknifty resistance level at 22500 / 22800 and support level 22000 / 21800. Above view only for educational purpose.

10 Aug 2020 : Banknifty closed at 21900.25. For tomorrow, 11 Aug 2020, Banknifty resistance level at 22100 / 22350 and support level 21800 / 21600. Above view only for educational purpose.

09 Aug 2020 : Banknifty closed at 21754.00. For tomorrow, 10 Aug 2020, Banknifty resistance level at 21900 / 22200 and support level 21500 / 21300. Above view only for educational purpose.

06 Aug 2020 : Banknifty closed at 21642.60. For tomorrow, 07 Aug 2020, Banknifty resistance level at 21900 / 22200 and support level 21350 / 21000. Above view only for educational purpose.

05 Aug 2020 : Banknifty closed at 21509.95. For tomorrow, 06 Aug 2020, Banknifty resistance level at 21750 / 22000 and support level 21350 / 21000. Above view only for educational purpose.

04 Aug 2020 : Banknifty closed at 21490.50. For tomorrow, 05 Aug 2020, Banknifty resistance level at 21600 / 21800 and support level 21300 / 21000. Above view only for educational purpose.

03 Aug 2020 : Banknifty closed at 21072.10. For tomorrow, 04 Aug 2020, Banknifty resistance level at 21300 / 21500 and support level 20800 / 20500. Above view only for educational purpose.

02 Aug 2020 : Banknifty closed at 21618.71. For tomorrow, 03 Aug 2020, Banknifty resistance level at 21800 / 22100 and support level 21500 / 21200. Above view only for educational purpose.

29 July 2020 : Banknifty closed at 22105.20. For tomorrow, 29 July 2020, Banknifty resistance level at 22400 / 22650 and support level 21800 / 21500. Above view only for educational purpose.

28 July 2020 : Banknifty closed at 21848.75. For tomorrow, 28 July 2020, Banknifty resistance level at 22150 / 22400 and support level 21800 / 21500. Above view only for educational purpose.

24 July 2020 : Banknifty closed at 22662.05. For Monday, 27 July 2020, Banknifty resistance level at 22900 / 23200 and support level 22400 / 22200. Above view only for educational purpose.

22 July 2020 : Banknifty closed at 22882.60. For tomorrow, 23 July 2020, Banknifty resistance level at 23000 / 23350 and support level 22600 / 22300. Above view only for educational purpose.

21 July 2020 : Banknifty closed at 22782.00. For tomorrow, 22 July 2020, Banknifty resistance level at 23000 / 23350 and support level 22600 / 22300. Above view only for educational purpose.

20 July 2020 : Banknifty closed at 22321.85. For tomorrow, 21 July 2020, Banknifty resistance level at 22500 / 22780 and support level 22000 / 21650. Above view only for educational purpose.

19 July 2020 : Banknifty closed at 21966.80 (17 July 2020). For tomorrow, 20 July 2020, Banknifty resistance level at 22150 / 22500 and support level 21650 / 21500. Above view only for educational purpose.

16 July 2020 : Banknifty closed at 21597.15. For tomorrow, 17 July 2020, Banknifty resistance level at 21650 / 21850 and support level 21200 / 20900. Above view only for educational purpose.

15 July 2020 : Banknifty closed at 21340.75. For tomorrow, 16 July 2020, Banknifty resistance level at 21650 / 21850 and support level 21200 / 20900. Above view only for educational purpose.

14 July 2020 : Banknifty closed at 21392.20. For tomorrow, 15 July 2020, Banknifty resistance level at 21650 / 21850 and support level 21200 / 20900. Above view only for educational purpose.

13 July 2020 : Banknifty closed at 22089.25. For tomorrow, 14 July 2020, Banknifty resistance level at 22350 / 22650 and support level 21900 / 21600. Above view only for educational purpose.

12 July 2020 : Banknifty closed at 22398.45 (10 July 2020). For tomorrow, 13 July 2020, Banknifty resistance level at 22600 / 22900 and support level 22200 / 21900. Above view only for educational purpose.

07 July 2020 : Banknifty closed at 22628.00. For tomorrow, 08 July 2020, Banknifty resistance level at 22850 / 23100 and support level 22400 / 22140. Above view only for educational purpose.

06 July 2020 : Banknifty closed at 22198.95. For tomorrow, 07 July 2020, Banknifty resistance level at 22300 / 22600 and support level 21800 / 21500. Above view only for educational purpose.

05 July 2020 : Banknifty closed at 21852.40. For tomorrow, 06 July 2020, Banknifty resistance level at 22000 / 22300 and support level 21500 / 21250. Above view only for educational purpose.

02 July 2020 : Banknifty closed at 21953.20. For tomorrow, 03 July 2020, Banknifty resistance level at 22250 / 22500 and support level 21800 / 21500. Above view only for educational purpose.

01 July 2020 : Banknifty closed at 21977.60. For tomorrow, 02 July 2020, Banknifty resistance level at 22250 / 22500 and support level 21800 / 21500. Above view only for educational purpose.

30 June 2020 : Banknifty closed at 21370.15. For tomorrow, 01 July 2020, Banknifty resistance level at 21550 / 21750 and support level 21000 / 20750. Above view only for education purpose.

29 June 2020 : Banknifty closed at 21359. For tomorrow, 30 June 2020, Banknifty resistance level at 21550 / 21750 and support level 21000 / 20750. Above view only for education purpose.

28 June 2020 : Banknifty closed at 21592.05 (26 June 2020). For tomorrow, 29 June 2020, Banknifty resistance level at 21750 / 22000 and support level 21200 / 20900. Above view only for education purpose.

23 June 2020 : Banknifty closed at 22264.90. For tomorrow, 24 June 2020, Banknifty resistance level at 22600 / 23000 and support level 21900 / 21600. Above view only for education purpose.

22 June 2020 : Banknifty closed at 21708.35. For tomorrow, 23 June 2020, Banknifty resistance level at 22000 / 22400 and support level 21600 / 21300. Above view only for education purpose.

21 June 2020 : Banknifty closed at 21338.10 (19 June 2020). For tomorrow, 22 June 2020, Banknifty resistance level at 21600 / 21900 and support level 21000 / 20700. Above view only for education purpose.

18 June 2020 : Banknifty closed at 20956.30. For tomorrow, 19 June 2020, Banknifty resistance level at 21150 / 21500 and support level 20650 / 20300. Above view only for education purpose.

16 June 2020 : Banknifty closed at 20296.70. For tomorrow, 17 June 2020, Banknifty resistance level at 20350 / 20600 and support level 19800 / 19500. Above view only for education purpose.

15 June 2020 : Banknifty closed at 19912.90. For tomorrow, 16 June 2020, Banknifty resistance level at 20100 / 20350 and support level 19700 / 19500. Above view only for education purpose.

14 June 2020 : Banknifty closed at 20654.55 (12 June 2020). For tomorrow, 14 June 2020, Banknifty resistance level at 20780 / 21080 and support level 20400 / 20100. Above view only for education purpose.

11 June 2020 : Banknifty closed at 20525.15. For tomorrow, 12 June 2020, Banknifty resistance level at 20700 / 21000 and as global market down more than 5% so below 19500 support level for Banknifty 19300 and then at 19000 level. Above view only for education purpose.

10 June 2020 : Banknifty closed at 21100.10. For tomorrow, 11 June 2020, Banknifty resistance level at 21500 / 21800 and support level 21000 / 20700. Above view only for education purpose.

09 June 2020 : Banknifty closed at 20724.90. For tomorrow, 10 June 2020, Banknifty resistance level at 20950 / 21250 and support level 20500 / 20200. Above view only for education purpose.

08 June 2020 : Banknifty closed at 21187.35. For tomorrow, 09 June 2020, Banknifty resistance level at 21350 / 21650 and support level 20700 / 20400. Above view only for education purpose.

07 June 2020 : Banknifty closed at 21034.50. For tomorrow, 08 June 2020, Banknifty resistance level at 21400 / 21700 and support level 20700 / 20300. Above view only for education purpose.

04 June 2020 : Banknifty closed at 20390.45. For tomorrow, 05 June 2020, Banknifty resistance level at 20750 / 21050 and support level 20200 / 19900. Above view only for education purpose.

03 June 2020 : Banknifty closed at 20940.70. For tomorrow, 04 June 2020, Banknifty resistance level at 21250 / 21550 and support level 20500 / 20150. Above view only for education purpose.

02 June 2020 : Banknifty closed at 20530.20. For tomorrow, 03 June 2020, Banknifty resistance level at 21000 / 21250 and support level 20200 / 19900. Above view only for education purpose.

01 June 2020 : Banknifty closed at 19959.90. For tomorrow, 02 June 2020, Banknifty resistance level at 20250 / 20550 and support level 19700 / 19300. Above view only for education purpose.

28 May 2020 : Banknifty closed at 19169.80. For tomorrow, 29 May 2020, Banknifty resistance level at 19350 / 19550 and support level 18800 / 18500. Above view only for education purpose.

26 May 2020 : Banknifty closed at 17440.35. Banknifty little bit ok today than Nifty, but not at all good. For tomorrow, 27 May 2020, Banknifty is sustain above 17650 then we can see some bounce in Banknifty up to 17800 to 17900 level. 17300 first support for Banknifty and 17000 would be next important support below 17300 level. Above view only for education purpose.

25 May 2020 : Banknifty closed at 17278.90. Banknifty not supporting market and cause of Banking stocks weakness, other sectors also not performing very well. For tomorrow, 26 May 2020, Banknifty resistance at 17500 level, if Banknifty sustain above 17600, we can see rally up to 17850 level. 17000 is very important and psychological support for Banknifty, if Banknifty breaks this level then we can see 200 to 300 points fall in Banknifty. Above view only for education purpose.

21 May 2020 : Banknifty closed at 17735.10. Banknifty could not hold 18000+ level and again on weekly expiry session slipped to below 18000 level. Banking stock not at all supporting market either PSU or Private Banking stock. Need big volume buying in banking stock which can only lift Banknifty index up and to Nifty also. For tomorrow, 22 May 2020, resistance for Banknifty 18000 then 18300. Support level 17450 then 17000. Above view only for education purpose.

20 May 2020 : Banknifty closed at 17840.20. Banknifty crossed one hurdle of 17850 today and closed above that level. For tomorrow, 21 May 2020, Banknifty first resistance around 18000 level, above this level we can see more buying and 18300-18400 level possible in Banknifty. 17400-17450 would be good stop loss for banknifty longs. It will be weekly expiry day, so market may remain volatile. Above view only for education purpose.

19 May 2020 : Banknifty closed at 17486.25. For tomorrow, 20 May 2020, Banknifty first resistance around 17750 level above this level we can see more buying and 17980-18000 level possible in Banknifty. 17000 would be a psychological support for Banknifty. If sustain below 17000, more selling may occur in Banknifty index. Above view only for education purpose.

18 May 2020 : Banknifty closed at 17573.20. For tomorrow, 19 May 2020, Banknifty first hurdle at 17800. If cross and sustian above 17800 then next resistance level is 18300. Support level for Banknifty are 17200 and then at 16950. Above or below these resistance level and support level we will see further buying or selling in market. Above view only for education purpose.

17 May 2020 : Banknifty closed at 18833.95. For tomorrow, 18 May 2020, Banknifty first hurdle at 19000. If cross and sustian above 19000 then next resistance level is 19300. Support level for Banknifty are 18500 and then at 18200. Above or below these resistance level and support level we will see further buying or selling in market. Above view only for education purpose.

14 May 2020 : Banknifty closed at 19068.50. Just above one support 18950. 19300 level will be hurdle for Banknifty, above this level we can see short covering and Fresh buying. Below 18800 level again selling pressure we will see in Banknifty. Above view only for education purpose.

13 May 2020 : Banknifty closed at 19634.95. After gap up opening, Banknifty could not sustained at morning high and profit booking we have seen in market. For tomorrow, 14 May 2020, Support level for Banknifty are 19300 then 18950. Resistance for tomorrow at 19850 level. Above 19850 we can see rally upto 19990 to 20100 level. Above view only for education purpose.

12 May 2020 : Banknifty closed at 18862.85. As mentioned in yesterday post, below 18800 we can see more selling and almost banknifty slipped to 18200 level. But in the hope of package news we have seen sharp recovery in market. For tomorrow, Banknifty resistance level at 19700 then second resistance which will be tough to cross for Banknifty would be 20500 level. 19300 and 18800 will be support for Banknifty tomorrow after gapup opening. Above view only for education purpose.

11 May 2020 : Banknifty closed below 19000 level at 18950 today. After making high 19733.40, continuously it down step by step and closed just above day low 18900.90. For tomorrow, 12 May 2020, we have to see 18800 level in Banknifty, if Banknifty sustain below 18800 then we can see more selling as it would be stop loss of positional longs. Fresh buying suggested above 19330 level, as it is hurdle for Banknifty now, once sustain above 19330 for 15 to 20 minutes, one can make long position with stop loss of 19000. Above view only for education purpose.

09 May 2020 : Banknifty first support at 19200 then next support level at 18800. Resistace for Banknifty at 19600 then next hurdle at 19950. According to these level one can make position in Banknifty Future.

29 April 2020 : Banknifty closed at 21090.20 Banknifty crossed one of its resistance 21000 and closed above that level. Tomorrow, if it break 20950 then one can go short with stop loss of 21310. Avoid to make long position in Banknifty, only wait for short opportunity. Banknifty may face resistance around 21400-21450 level.

28 April 2020 : Banknifty closed at 20671.10 Banknifty crossed both resistance level today with good volume. For tomorrow, 20900 level will be resistance for Banknifty. Support for Banknifty now at 20450 then next support level around 20200 level.

27 April 2020 : Banknifty closed at 20081.15. Banknifty resistance level at 20250 then next hurdle 20550. Support 19900 then next important support at 19500 level..

25 April 2020 : Banknifty closed at 19586.65. Banknifty resistance level for Monday 19800 then next hurdle 20250. Support 19150 then next important support at 18850.

22 April 2020 : Banknifty closed at 19701.85. Resistance for tomorrow (23 April 2020), around 19850. Above 19850, next resistance around 20200 level. Support level for tomorrow 19400 level then at 19000 level. Above or below these levels we can see further upside and downside. Its expiry session tomorrow, so trade with discipline and cautiously.

31 July 2019 : Banknifty closed at 28876.00.

30 July 2019 : Banknifty closed at 28791.60.

29 July 2019 : Banknifty closed at 29295.90.

26 July 2019 : Banknifty closed at 29325.30.

25 July 2019 : Banknifty closed at 29043.05

24 July 2019 : Banknifty closed at 28952.25.

23 July 2019 : Banknifty closed at 29128.10 down by 156.85 points. Resistance for Banknifty 29300 and support 29000 as per chart.

22 July 2019 : Banknifty closed at 29284.95 down by 485.40 points. Resistance for Banknifty 29650 and support 29000 as per chart.

17 July 2019 : Banknifty closed at 30735.50 up by 164.70 points. Resistance for Banknifty 30820 and support 30500 as per chart.

16 July 2019 : Banknifty closed at 30570.80 up by 124.85 points.

15 July 2019 : Banknifty closed at 30445.95 down by 155.50 points. Nifty closed today in positive but Banknifty closed in red. Some psu and some private banks dragged banknifty in to red. For coming day 30800 big hurdle for Banknifty, 30000 is a psychological support. Nearest support for Banknifty at 30280-30320 zone.

12 July 2019 : Banknifty closed at 30601.45 down by 115.10 points. After making high of 30870.95, Banknifty slipped to day low 30548.30. It was profit booking we have seen before weekend in market.

11 July 2019 : Banknifty closed at 30716.55 up by 194.45 points. It made high of 30788.05. Above 30800 we will see some more rally in Banknifty.

10 July 2019 : Banknifty closed at 30522.10 down by 47.05 points. It touched high of 30728.35 in morning session but later in slipped and made low of 30428.60. It will be weekly expiry tomorrow, resistance at 30700 for Banknifty, Support range 30250 to 30350 level.

09 July 2019 : Banknifty closed at 30569.15 down by 34.70 points. After opening we have seen low of 30346.70 and after that sharp recovery up to 30702.10 level. Closing negative but if in next one to two session market sustain here then we can see U turn in market.

08 July 2019 : Banknifty closed at 30603.85 down by 871.95 points. In intraday it touched low of 30536.75. Opening was not that bad and Banknifty opening not much down but after some time all PSU and Private Banks dragged banknifty down and it was one of the biggest fall in banknifty today, we have seen.

07 July 2019 : Banknifty closed at 31474.80 up by 3.95 points. After making high of 31660.75 after Budget announcement, selling pressure we have seen in market and Banknifty closed flat. Actual trend will clear in coming week.

04 July 2019 : Banknifty closed at 31471.85 up by 89.55 points today. Banknifty crossed 31500 level and made high 31608.35, but selling pressure in yesbank and some selling in HDFC Bank dragged it below 31500 level. PSU performed well today, BOB, BOI, SBI moved nicely.

03 July 2019 : Banknifty closed at 31382.30 up by 99 points today. Moved to 31467.15 but not crossed 31500 level today. Still 31500 big hurdle for banknifty. It will be important level to watch tomorrow.

02 July 2019 : Banknifty closed at 31283.30 down by 88.90 points today. Comparision to Nifty, Banknifty could not performed today and closed in red. Banknifty still facing hurdle at 31300-31400 zone, once cross we will see big rally in market.

01 July 2019 : Banknifty closed at 31372.20 up by 267 points. Private banks like Indusind Bank, HDFC Bank given strength to Banknifty today. It moved to 31450 level. For coming days 31100-31150 important support level and 31500-31550 next hurdle. Once cross 31550 and sustain then we can see 31700-31750 level soon.

28 June 2019 : Banknifty closed at 31105.20 down by 164.30 points.

27 June 2019 : Banknifty closed at 31269.50 up by 107.15 points.

26 June 2019 : Banknifty closed at 31162.35 up by 315.30 points.

25 June 2019 : Banknifty closed at 30847.05 up by 245 points. Closing above resistance of 30800 level, more buying we can see in market in coming sessions.

24 June 2019 : Banknifty closed at 30602.05 down by 26.30 points. We have seen some buying in PSU stocks but private banks not performed well and Banknifty closed little bit negative today. 30800 still hurdle for banknifty and market wants some good news to go up.

21 June 2019 : Banknifty closed at 30628.35 down by 152.75 points. 30800 still resistance for Banknifty, once cross we will see more upside level. 30200-30250 important support for Banknifty now.

20 June 2019 : Banknifty closed at 30781.10 up by 419 points. After negative opening good recovery in market and Banknifty touched intraday high of 30824.55. As per chart rally will continue. Recent low around 30200 will work as strong support for Banknifty now.

19 June 2019 : Banknifty closed at 30362.10 up by 11.10 points. After gap up opening , Banknifty slipped in red and closed flat today.

18 June 2019 : Banknifty closed at 30351 up by 77.75 points.

17 June 2019 : Banknifty closed at 30273.25 down by 341.10 points. Banknifty also broken support of 30500 today and closed below that level. One should watch 1-2 session for any type of positional trade in derivatives.

14 June 2019 : Banknifty closed at 30614.35 down by 361.75. In last 30 minutes market we have seen heavy selling in market. Banknifty made low 30508.95. Almost 300 points fall in banknifty in 15 minutes. We have to see market opening on Monday now for next week trend.

13 June 2019 : Banknifty closed at 30976.10 only up by 10.40 poits. Yesbank and Indusind Bank news dragged Banknifty near to 30600 level, after making low around 30638, Banknifty moved towards 31000 level. SBI, HDFC Bank, ICICI Bank, Axis Bank contributed n this rally. Intraday Support around 30800 for Banknifty and resistance around 31150-31200 now.

12 June 2019 : Banknifty closed at 30965.70 down by 299.75 points. After negative opening, step by step, Banknifty came down, it made low 30911.45 today. It will be weekly expiry tomorrow and again we will see volatility in market and as per chart there is no indication for one side big movement tomorrow. Support around 30800-30850 for Banknifty and resistance around 31150-31200 now.

11 June 2019 : Banknifty closed at 31265.45 up by 231.45. After making low 30973.35 in morning session, some buying we have seen today in Banknifty but it was not enough. Banknifty made high 31399.35 and slipped almost 150 points from day high. Banknifty Future made high 31374.90 and closed at 31245.35. For tomorrow, Banknifty has to cross 31400 with volume for next target 31550 / 31750 level. Banknifty support now 31100 and below that 30950 support for Banknifty now.

10 June 2019 : Banknifty closed at 31034.00. At opening Banknifty was almost 300 positive but profit booked dragged it down to below 30900 level. After making low 30861.30, in last hour Banknifty moved and closed above 31000 level. For tomorrow, resistance level for Banknifty at 31200 and support for Banknifty at 30800. Trader may take long position with stop loss at 30800-30820 in Banknifty Future future. Go short below 30800 with strict stop loss of 31050. Check market sentiment also if going to follow above message.

09 June 2019 : Banknifty closed at 31066.55 on 7th June 2019. It was a volatile session, after flat opening market slipped and Banknifty made low of 30627.05. From this level we have seen sharp bounce in market and Banknifty moved to day high 31139.60 and closed at 31066.55. For Monday, 10 June 2019, Banknifty resistance at 31400 then next hurdle at 31600. Support for Banknifty now at 30900 below this 30600 important level. Banknifty Monthly 32000 call June contact looks good at current level 100-125. One can buy this options with stop loss of Rs. 50 for target price of 240-250 approx.

07 June 2019 : Banknifty closed at 30857.40 on 6th June 2019 after RBI Policy. Banknifty broken 2-3 important support level in yesterday session. Now market need some good news to break life time high of 31783. Next few days Banknifty range may be 30500 to 31500. For today. 31000 resistane for Banknifty and 30700 support for Banknifty.

04 June 2019 : Banknifty closed at 31589.05 on 4th June 2019. Banknifty opening was negative approx 120 points but soon it recovered and moved to day high 31752.70. But in second half we have seen some profit booking and Banknifty closed approx 65 points down. Its RBI policy tomorrow, so we will see volatility in Banknifty tomorrow. If all well then Banknifty may cross 31800-31900 level also. If RBI disappoint to market then 31100-31200 level we can see in Banknifty tomorrow. Market will close tomorrow on 5th June 2019 on the occassion of EID.

03 June 2019 : Banknifty closed at 31653.65 on 3rd June 2019. After morning low of 31284.70 Banknifty moved to 31674.60 level. Nifty broken life time high but Banknifty not moved that much.

31 May 2019 : Banknifty closed at 31375.40 down by 161.70 points. Banknifty made new life time high of 31783.60 and once between trading session we have seen sharp fall in market and Banknifty down to 30623.05. But from lower levels we have seen recovery of more than 800 points. Monday above 31500 again buying momentum we will see in Banknifty.

30 May 2019 : Banknifty closed today at 31537.10 up by 241.55 points. Next week RBI policy there and Market will react tomorrow after knowing the name of new Finance Minister. Technically 31710 and 31850 next resistance for Banknifty and 31400 then 31200 will work as support. Above or below these levels we may see further buying or selling in Banknifty.

29 May 2019 : Banknifty closed today at 31295.55 down by 302.35 points. Selling pressure in Banking stocks dragged Banknifty below 31300 level. Banknifty made low 31257.90. For tomorrow, Banknifty resistance at 31450 then next hurdle at 31650. Support for Banknifty at 31200 and next at 31000 level. Banknifty Future May contract expiry tomorrow. We will see big volatility tomorrow cause of big positions made by traders this month cause of election event.

28 May 2019 : Banknifty closed today at 31597.90 down by 49.75 points. After positive opening banknifty slipped to day low 31328.60, but in last 30-40 minutes market we have seen almost 350 points rally in banknifty. If tomorrow everything ok then we can see new life time high of banknifty. Banknifty support for tomorrow around 31400 level.

27 May 2019 : Banknifty closed today at 31647.65 up by 435.10 points. Banknifty at opening made low 31142.50, but from lower levels it recovered nicely to day high 31700.75. Banknifty Future May contract made high 31649.95 and closed below 31600 level. 31750 and 31900 next immediate resistance for Banknifty. Banknifty support for tomorrow around 31380-31400 level. One can buy Banknifty 32000 call options of June contract if get around 300-330 level with stop loss of 199.

24 May 2019 : Banknifty closed today at 31212.55 up by 803.45 points. Banknifty rocked today and moved more than 2.5%. Banknifty made high of 31275.40. Yesterday we have seen profit booking for historical high levels but that level is not so far now. May possible next week we will see new high in Banknifty. Banknifty May Future moved to day high 31315 and closed at 31215. Bank Nifty Future next resistance at 31500 and now 30900 good support level.

23 May 2019 : Banknifty closed today at 30409.10 down by 117.70 points. Banknifty made Banknifty made life time high of 31705 today and from higher level we have seen profit booking in market and Banknifty slipped to day low 30292.35.

22 May 2019 : Banknifty closed today at 30526.80 up by 218.40 points. Banknifty made low 30268.60 in morning session and after that we have seen good buying in market and Banknifty moved to day high 30675.10. Banknifty May contract made high 30769.90 and closed at 30685.95. PSU banking stocks like SBI, Bank of Baroda and private banking stock Indusind Bank boosted up banknifty today. Tomorrow, we may see 1500-2000 points movement in banknifty both side.

21 May 2019 : Banknifty closed today at 30308.40 down by 451.30 points. Banknifty made lifetime high of 30926.70 today, but could not sustained at higher levels and after that slipped to day low 30265.10. So almost 650 points fluctuations we have seen today in banknifty. Banknifty May Future contract made high today 30970.30 and slipped to day low 30315.10.

20 May 2019 : Banknifty closed today at 30759.70 up by 1309.55 points. Banknifty made high 30827.85 today. Banknifty May Future closed at 30795.90 after making day high of 30885.45.

19 May 2019 : It will be interesting to see Banknifty tomorrow after exit poll predictions, cause exit poll numbers giving clear majority to BJP+ (NDA). It is tough to predict that what will be the range of Banknifty tomorrow.

17 May 2019 : Banknifty closed at 29450.15 up by 594.85. After 10 to 15 days volatility we have seen good buying in market. Short covering also moved Banknifty a lot. Banknifty made high of 29559.45 in intraday. Banknifty Future May contract made high of 29590 and closed at 29483.45. Weekly and Monthly Banknifty options having high premium and it will remain high till 23rd May 2019.

16 May 2019 : Banknifty closed at 28855.30 up by 238.85 points. Banknifty made low of 28525.45 then in last hour we have seen sharp recovery in market and Banknifty moved to day high 28947.60 and finally closed at 28855.30. It was the weekly expiry day for Banknifty and we have seen very volatile session in last 2 hours. Banknifty weekly 28800 call moved to above Rs. 50 from day low 60 paisa. Banknifty weekly 28700 call moved to 150 from 7. In previous post, we mentioned that 28500 to 28600 is importnat support level for Banknifty and again we have seen bounce back in Banknifty from lower levels. Now next 2 weeks market will be volatile, it will not follow any technicals so trade as per trend and with strict stop loss cause high volatility will be there.

15 May 2019 : Banknifty closed at 28616.45 down by 212.75 points. Banknifty could not crossed yesterday high and after ups and down again in second half we have seen selling in Banknifty. It made low of 28555.15. Still as per chart 28400-28600 strong support zone. For tomorrow resistance for Banknifty at 28800 then next hurdle 29000. Support for Banknifty 28500 then 28380.

14 May 2019 : Banknifty closed at 28829.20 up by 169.25 points. Banknifty moved to day high 29058.30 from day low 28582.60. In yesterday post, we mentioned that 28500-28600 is strong support zone for Banknifty and we can see U turn in market from lower levels. Banknifty crossed 29000 level but we have seen profit booking in market in last hour and it closed almost 200 points down from intraday high. Banknifty May Future contract made high 29198 after making low of 28700 in morning fall, and closed around 28990. We suggested today buy in Banknifty Future at 28800 level and profit booked at 29075 and buy given in Banknifty weekly 28800 call at 188 for target 388. Profit booked at 355 later it made high of 387.05, almost close to target. For tomorrow, today's high that is 29058 may work as resistance level for Banknifty and today's low 28582 will be support for Banknifty.

13 May 2019 : Banknifty closed at 28659.95 down by 380.55 points. Banknifty crossed 29000 level after negative opening, but could not sustain above 29000 level and step by step we have seen selling pressure in market and Banknifty made low 28621.10. Banknifty Future made high 29080 in morning session and closed at 28768. For Banknifty 28400-28500 is crucial zone, and strong reversal chances from there levels. Banknifty Future having support around 28500-28600 level and one can make long position with strict stop loss of 28380 for big profit. Options trader can buy banknifty weekly or monthly call options of strike price 28500 to 29000.

10 May 2019 : Banknifty closed at 29040.50 up by 155.90 points. It was a very volatile session today. After positive opening we have seen some selling then again some buying and in last 30 minutes session Banknifty slipped almost 200 points from day high. After SBI results we have seen some up move in Banknifty but it was not enough and private sector banking stock like Axis Bank, HDFC Bank, ICICI Bank, Yes Bank dragged banknifty below 29000 level. This week was not good for bulls. Now 28800-29000 zone is support zone for Banknifty. Next week bulls required Banknifty to sustain above 29000 for upside and for more downfall it has to sustain below 28800 for one to two session. Banknifty Future May contract made high today 29258.80 but just in last 30 minutes it down to 29040 level. Banknifty weekly 29000 call moved to 380 but came down to 280 levels. Monday if market open positive and sustain for 30 to 40 minutes then one can go long in Banknifty Future and Banknifty weekly call options of strike price 29000 / 29100 / 29200 / 29300. For Monday, 29150-29200 is resistance level for Banknifty and 28750-28800 is support level.

09 May 2019 : Banknifty closed at 28884.60 down by 109.80 points. For tomorrow 29150 and 29300 will work as resistance, if sustain above these level then we can some more buying in market. 28800 then 28700 support for Banknifty from current levels.

08 May 2019 : Banknifty closed at 28994.40 down by 293.80 points. After a long time we have seen Banknifty closing below 29000 level. Just in last 4-5 trading session we have seen fall of more than 700 - 800 points in Banknifty index. For tomorrow 29150 and 29300 will work as resistance, if sustain above these level then we can some more buying in market. 28900 then 28700 support for Banknifty from current levels. Market in selling pressure so do not buy till no solid buy signal in chart, do not carry any future position for next trading session. Do intraday with strict stop loss.

07 May 2019 : Banknifty closed at 29288.20 down by 330.25 points. After positive opening, Banknifty made high 29835.50, but later in second half, we have seen heavy sell off in Banknifty and it made low 29244.25 and finally closed at 29288.20. Axis Bank, ICICI Bank, HDFC Bank, PNB, Bank of Baroda, Indusind Bank came down from day high and dragged banknifty to lower levels today. Banknifty May Future closed at 29405.50 after making day low 29370. For tomorrow, Banknifty has to cross and sustain above 29400 for next upmove. Till it sustain below 29400, one should avoid long position in Banknifty. From current levels, now support at 29200 and below that next support at 29000 level.

06 May 2019 : Banknifty closed at 29618.45. After opening it made low of 29528.60 and finally after ups and downs it closed at 29618.45. Banknifty able to close above its support level 29500. One should wait and watch atleast one trading session before taking any fresh action.

03 May 2019 : Banknifty closed at 29954.15 up 245.55 points. Compare to Nifty, we have seen good buying in banknifty. Banking stocks SBI, Bank of Baroda, ICICI Bank, Canara bank, Kotak Bank given boost to banknifty. Banknifty sustained above 30000 level for a long time but after 2:30 we have seen some selling in market and again it closed below 30000 level. For tomorrow 30050 and 30150 resistance level for Banknifty and 29800 / 29700 will work as support level for Banknifty. If you are option trader then one can make long position in Banknifty weekly options of 30000 call or 30300 call options if Banknifty break and sustain above resistance level. Since weekly options very volatile that trade as per market risk.

02 May 2019 : Banknifty closed at 29708.60 down by 56.20 points. After opening below 29700 (at 29699.80), sharp recovery upto 29900+ level we have seen today. But later, we have seen some volatility in Banknifty and on weekly expiry day it closed down by 56 points. If we see last 5-7 trading session that we will find that Banknifty getting pressure at 30000 level and getting good support at 29500 level. So it is very important for Banknifty to break these level for any kind of break out or break down. Volatility will be maintained in coming days as election outcome there on 23rd May 2019. For tomorrow, Banknifty support at 29660 / 29500 and resistance at 29810 / 29910.