BankniftyFuture last close: 33478.45 (-1.7%)
BankniftyFuture was opened at 33940 and dropped gradually up to 33266 again bounced back to 33478
Day before yesterday BNF was gained 1.4% and yesterday dropped more than previous day’s gain
Day before yesterday HDFCBANK was shot up more than 4% and yesterday stock was erased previous day’s gain
PSU banks did well on yesterday like SBIN, Canbank, BOB and PNB
ATM straddle was closed above 540. Its slightly higher
BankniftyFuture was trading range between 33300 to 34200 in last three sessions
Today BNF is facing a intraday resistance 33600, 33665 and 33850
If crossover and manages above 33850, will try to move 34050-34200
Today BNF can be considered as supports as 33475 and 33250
Below 33250……… More pain up to 33000
Don’t short at very lower levels!! and avoid overnight positions due to long weekend
More live market update will be sent to my clients only
Updated: 08.53 am / 01st April 2021
