BankniftyFuture last close: 32893.55 (-2.5%)
BankniftyFuture was seen huge selling pressure on Friday and index declined 2.5%
BNF was opened 33197 and went to 33600 then slipped to 32812
All front line banks was under selling pressure
Option premium was closed at higher levels
Indusindbank reported profit at Rs 876 crore in Q4FY21 against Rs 301.8 crore in Q4FY20, net interest income rose to Rs 3,534.6 crore from Rs 3,231.2 crore YoY
Kotakbank declaring earnings report on today
So focus on Indusindbank and Kotakbank
SGXNifty indicate a gap down opening for the index and likely to follow bank index
BankniftyFuture is finding a supports 32750. Once if breaks and managed below the level, expecting further weakness up to 32575, 32400 and 32150
Very strong support around 32150 which was last week low
BNF is facing a intraday resistance 32900, 33050 and 33250
If there is any rise………. can sell
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Updated: 08.14 am / 03rd May 2021
