BankniftyFuture last close: 34841.75
Market cheered the budget 2021 and especially banknifty index surged almost 14% in last 3 sessions
BNF was opened at 34675 and slipped up to 34097 then shot up to 34998.90
However the option premium was too high on yesterday closing
VIX spiked 1%
Indusindbank is the star of the street and stock gained 8%
Hdfcbank, Icicibank and Axisbank sustained
SBIN were set to declare earnings report on today maybe on after 1pm
BankniftyFuture huge volatile will be expected during the day due to weekly expiry
Option premium is too high so to take short straddle until 1 to 2pm thereafter better to change long straddle depend on volatility
Today BankniftyFuture is facing a intraday resistance at 35000, 35140 and 35350
On another hand BNF considering a supports 34650, 34520 and 34300
Below 34300……… Will try to check 34000……… but if declines can buy index with a stop of 34k closing basis
More live market update will be sent to my clients only
Updated: 08.48 am / 04th Feb 2021
