BanknifytFuture last close: 38023.90 (+0.2%)
On Tuesday, BankniftyFuture was seen highly volatile with positive bias
BNF was opened 37750 then fell to 37668 again bounced to 38232
In last 45 minutes BNF was slipped from 38230 to 37900
PSUBanks did very well
SBIN gained more than 2%
Canbank, Fedbank and BOB did very well
Private banks was seen marginally profit booking
Hdfcbank fell marginally
VIX shot up 6% to 18.50
Option premium sustained due to increased VIX
As per open interest data, 38000CE and PE seen equal OI
PE side 37500, 37000PE was seen equal OI which was indicated trend is not clear
However, BankniftyFuture is facing a intraday resistance 38130 and 38250
If breaks and holds above 38250 will try to move 38380-38500
On flip side, BNF can be considered as supports as 37900 and 37775
Below 37775 finding a next support around 37500-37550
Updated: 08.24 am / 03rd Aug 2022
