BankniftyFuture last close: 34012.60(+1.1%)
On Monday, BankniftyFuture was climbed more than 1%
BNF was opened 33666 and made a low of 33601 then spiked up to 34055
Private banks did very well
Icicibank, Kotakbank and Indusindbank rallied 1% to 4%
Hdfcbank sustained and ended marginally gain
PSUBank index rose 1%
SBIN did well and rallied 2%
VIX fell and ended around 20.50
Option premium melting due to low VIX
BankniftyFuture formed a bullish candle on July 5
As per open interest, Overall OI added in PE side and not seen any significant OI
However, BNF is facing a intraday resistance 34100 and 34200
If stays above 34200, will try to move 34350 and 34500 levels
On other side, BNF can be considered as supports as 33900, 33800 and 33650
Updated: 08.23 am / 05th July 2022
