BankniftyFuture last close: 40081.55 (+0.1%)
On Tuesday, BankniftyFuture was seen range with volatility
BNF was opened 40050 then fell to 39725 again spiked up to 40250 once again fell to 39900
Zig-Zag trade was seen on last day
SBIN going to declare earnings report on today noon
After SBIN result BNF will be move violently
Volatility index fell 2%
Private banks did well on yesterday
Hdfcbank seen 1.5% gain
Option premiums settled marginal highs
As per Open Interest, Highest OI added 40000ce and PE side 39500PE added more OI
Close watch 40000 (Banknifty spot level)
Today BankniftyFuture is facing a intraday resistance 40175-40250
If breaks and sustains above 40250 then will move 40375-40500
However, Stay caution at higher levels!!
On other side, BNF can be considered as supports as 39900, 39700 and 39500
Lower side 39500-39600 strong support zone!!
More live market update will be sent to my clients only
Updated: 08.17 am / 03rd Nov 2021
