Last close: 36633 (+0.5%)
On Thursday, BankniftyFuture was opened 36400 and made a low of 36282 then shot up to 36689
BNF was seen range with volatile on 02nd Dec
Hdfcbank did very well
Icicibank was seen selling pressure and stock declined 1%
Psu banks sustained
Volatility index fell 8% and settled around 18
I recommended two short straddle and booked more than 200 points profits per set
Today BankniftyFuture is facing a intraday resistance 36800, 37000 and 37150
Once if breaks and holds above 37150 expecting further bulls action
On other side, BNF can be considered as supports as 36400, 36280 and 36000
Don’t short at very lower levels!! until 35800
More live market update will be sent to my clients only
Updated: 08.39 am / 03rd Dec 2021
