BankniftyFuture last close: 35602.90 (+0.8%)
On Monday, BankniftyFuture was opened as usual positive note at 35280 but first 30 minutes BNF was slipped up to 35063 then bounced-back to 35650
Still almost 2000 points away from life time high
Volatility index below 16.50 and option premium seen very low
Private banks Hdfcbank, Axisbank, Icicibank and Kotakbank did well
SBIN was seen marginally higher
SGXNifty indicate a positive opening for the index and bank index also followed positive opening like 100-200 points
As per OI side, Huge open interest was seen CE side like 35500CE and 36000CE
PE side highest OI was seen 35000PE
However, BNF is facing a intraday resistance 35700, 35780 and 35950
Down side supports 35500, 35420 and 35275
Don’t short at very lower levels!!
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Updated: 08.21 am / 01st June 2021
