BANKNIFTY Future View 7th January 2021

BANKNIFTY Future Wednesday Close: 31903.1

Pivot Point= 31885

Today BANKNIFTY Future is facing immediate Resistance 1 at 32107 and Resistance 2 at 32312.

If cross Resistance 3 at 32740 with volume will see more strength till Resistance 4 at 33166. But Stay caution at higher levels.

Today BANKNIFTY Future can be considered as major Support 1 at 31680 & Support 2 at 31457.

If not sustain Support 3 at 31030 then will see more down fall till Support 4 at 30603. Don’t short at lower levels.

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