BankniftyFuture last close: 35454.85
Bankniftyfuture was seen range with volatility around 35000 to 35750 in last two sessions
Yesterday BNF was opened 35460 and went to 35754 then slipped to 34983 again shot up to 35500
All front line bank stocks sustained
PSU banks was seen slightly lower
Option premium still higher. ATM straddle closed around 630
BankniftyFuture was took support around 34950-35000 in last two sessions
(Yesterday noon also I did mention in my blog BNF will take support around 34950-35000. After my post BNF made a low was 34983)
Now, BankniftyFuture is facing a intraday resistance around 35600-35750
Once if breaks and manages above 35750………. Then will try to move 36000 and 36200+
If sustains above 35750……. Can sell below 35000 PE options
On other hand, BNF is considering a supports 35300, 35170 and 34950
If sustains below 34950……….. Then more pain up to 34500
If sustains below 34950……… Can sell 35700 above CE options
More live market update will be sent to my clients only
Updated: 08.36 am / 03rd March 2021
