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Banknifty update for May-28, 2020

Today Banknifty gave Big upmove. So what is in store for tomorrow?

The Daily chart shows the resistance of 20-MA/30-EMA in the zone of 19000-19300. 


The Hourly chart shows the price @ channel resistance. We may see resistance at next Gann Number 19000. For upmove, prices need to sustain above 19000. Prices may move in the 19000-18300 range. Break of 18300 may start down move.


FNO Data:

Banknifty futures are at discount to spot (premium change from 5 to  -47.5) and June futures also @ discount to spot (premium change from 2 to -80). So the probability of down moves tomorrow.
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