BankniftyFuture Sept last close : 37428.80 (-1.2%)
Oct last close: 37618.90 (-0.9%
Spot last close: 37425.10
On Thursday, BankniftyFuture was seen volatile with sell-off in last 1 hour
BNF was opened 37810 and went to 37913 then slipped 37384
But not broken previous two day’s low 37350 on yesterday
But, Now BNF will open maybe around 300-400 points down
PSU Banks did well
Private banks seen selling pressure
SGXNifty indicates gap down opening and BNF also followed by gap down around 300-400 points
However, Banknifty Oct Future was ended with a premium of around 200 points on yesterday
BNF formed a bearish candle and fell consecutive three days
BNF can be considered as supports as 37500
Once if breaks and sustains below the level will try to check 37300, 37130 and 36900
Note it : Very strong and major support for positional around 36500
BNF is facing a intraday resistance 37600, 37770 and 37900
Stay caution at higher levels!!
More live market update will be sent to my clients only
Updated: 08.45 am / 01st Oct 2021
