BankniftyFuture last close: 35879.75 (-1.7%)
BankNiftyFuture was opened gap down and sustained 35800 to 36200 in whole day
Everyday BNF was seen more than 1000 points volatility
PSU banks sustains and Private banks visible profit booking
Option writers having huge trouble due to peak margin and higher VIX
While updating SGXNifty indicate a gap down opening and followed by bank index
In last five sessions BNF range between 34650 to 36600. Almost 2000 points volatility
However, Today BNF considering a supports 35650 and 35500
Below 35500, Finding a next support around 35350 and 35000
Don’t short at very lower levels!!
BNF is facing a intraday resistance 35900, 36150 and 36300
If there is any higher levels can sell
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Updated: 08.40 am / 05th March 2021