BankniftyFuture last close: 33827.15 (-0.5%)
What a terrific Tuesday!!
BankniftyFuture was seen smooth rallied on first half then erased all gains in 2nd half
BNF was opened 34150 and went to 34400 then slipped to 33763
Icicibank did well and lift the bank index
VIX sustained around 20-21
Option premium didn’t fall on yesterday
On open interest side, 34000CE added more OI as well as 33500PE added more OI
BankniftyFuture formed a inverted hammer pattern formation on 05 July
Which was indicated stay caution at higher levels!!
However, BankniftyFuture is facing a intraday resistance 33950, 34020 and 34200
Stay caution at higher levels!!
On flip side, BNF can be considered as supports as 33750 and 33650
Below 33650 will try to check 33500 levels
Updated: 08.09 am / 06th July 2022
