Last close: 35781.95 (+0.7%)
On 03 June, BankniftyFuture was seen range with volatile almost 200-300 points
However, BNF was opened 35660 and made a low of 35553 then went to 35890
In last 5 sessions BNF was trading range between 35100 to 35800
SBIN did well in last 5 sessions
Private banks was seen marginally higher but not seen significant higher
VIX below 16. Not favored for option writers
Today focus on RBI Policy at 10 am
All eyes will be on the RBI Policy and Governor’s speech about our economy
However, BankniftyFuture was ended at strong resistance zone, If all is well, further rally will be continue
BNF is facing a intraday resistance 35875 and 36000
After policy, If stays above 36000 then will finding a resistance 36150-36300
BNF can be considered as supports as 36720, 35650 and 35500
Below 35500………. Will try to check 35375 and 35250
But………. Strong support zone around 35100-35250 Don’t short these levels!!
More live market update will be sent to my clients only
Updated: 08.39 am / 04th June 2021
