BankniftyFuture last close: 37356.40 (-0.2%)
On Friday, BankniftyFuture was seen sharp bounce-back from support zone 37000
BNF was opened 37320 and dropped to 36950 then bounced-back to 37425
Private banks was seen selling pressure
Icicibank and Hdfcbank dropped 1% to 2%
PSU Banks seen marginal loss
Volatility index fell 7% and settled around 17.50
BankniftyFuture was formed hanging man kind of pattern which was indicating caution at higher levels
However, BankkniftyFuture is facing a intraday resistance 37450, 37530 and 37650
If sustains above 37650, then will try to move 37800. But
Stay caution at higher levels!!
On other hand, BNF can be considered as supports as 37225, 37130 and 36950
Below 36950, expecting more pain
More live market update will be sent to my clients only
Updated: 08.32 am / 04th Oct 2021
