BankniftyFuture last close: 32655.85 (-0.7%)
What a volatile day on May 3
BNF was opened gap down and flashed a low was 31625 then shot up to 32600 in first one hour. Then sustained 32400-32600 after Kotakbank result index slipped again 32000 then shot up to 32750 in last one hour. Ooops!!
Million $ dollar question………….. When market will sustain ?
Kotakbank not given good result & NPA increased
Hdfcbank was supported to bank index in last hour & stock spiked more than 2%
Icicibank was closed almost day’s high
Option premium not falling and ATM straddle was closed around 950
Today focus on RBLBank & will be declaring earnings report on today
BankniftyFuture was closed with a premium of almost 200 points and was seen short covering in last hour. But closed in red
BankniftyFuture is facing a intraday resistance 32750, 32870 and 33050
If stays above 33050….. Will try to move 33300. But stay caution at higher levels
Today BNF can be considered as supports as 32550, 32400 and 32200
Below 32200…….. Finding a next support around 31900
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.10 am / 04th May 2021
