BankniftyFuture last close: 30679.15 (+1.2%)
BankniftyFuture was seen huge volatility on Friday
BNF was opened 30640 and fell to 30290 again went up to 31238 then dropped to 30680
In last 2 hours BNF was moved more than 1000 points on Friday
PSU banks helped to bank index
Option premium is too high due to budget and global cues
The volatile trade will be continued ahead of budget and Icicibank declared good earnings report. Anyway the big event is Budget!!
Today BankniftyFuture is facing a intraday resistance at 30950 and 31250
After budget speech index if sustains above 31250……… Will try to move 31650-32000
BNF can be considered as supports as 30600, 30420 and 30150
After 2 pm……. If sustains below 30150……….. expecting further weakness up to 29700
Trade very carefully………. Don’t do aggressive trades!!
More live market update will be sent to my clients only
Updated: 08.33 am / 01st Feb 2021
