BankniftyFuture last close: 40727.50 (-0.8%)
What a day on Feb 1…Terrible volatility
BNF was opened 41500 and went to 42250 during the budget speech
Then fell from 42250 to 39718 again shot up to 40900
Bankniftyfuture was seen swing around 4000 points
Hdfcbank and Icicibank did very well
PSUBank was seen huge selling pressure due to Adani stocks down freeze
VIX sustained around 16.50
Option premium went up due to huge volatility
SGXNifty indicates a gap down opening and followed by Bank index
Hdfcbank and Icicibank ADR down around 3% to 4%
However, BNF is facing a intraday resistance 41150, 41350 and 41500
Above 41500 will try to move 41900
But, Stay caution at higher levels
On other side, BNF can be considered as supports as 40500, 40250 and 40000
Below 4000 will try to check 39700 and 39300
Updated: 08.33 am / 02nd Feb 2023
