BANKNIFTY Future View 5th January 2021

BANKNIFTY Future Friday Close: 31326.55

Pivot Point= 31285

Today BANKNIFTY Future is facing immediate Resistance 1 at 31640 and Resistance 2 at 31954.

If cross Resistance 3 at 32622 with volume will see more strength till Resistance 4 at 33290. But Stay caution at higher levels.

Today BANKNIFTY Future can be considered as major Support 1 at 30971 & Support 2 at 30617.

If not sustain Support 3 at 29949 then will see more down fall till Support 4 at 29280. Don’t short at lower levels.

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