BankniftyFuture last close: 37864.20 (+0.3%)
On Tuesday, BankniftyFuture was opened 37600 and made a low of 37472 then spiked to 37912
BNF was seen range with consolidation around 37700-37900 on yesterday
Volatility index fell and option premium also melted
Indusindbank did very well
PSU Bank index fell marginally like 0.5%
Hdfcbank seen consolidated in last few sessions
HDFCBank will be declared earnings report on 16th Oct
As per open interest data showing, 38000CE and 37500PE added more open interest
Likely to indicates BNF will consolidate 37500-38000
However, BankniftyFuture is facing a intraday resistance 37940,38000 and 38150
If sustains above 38150, Will see further action!!
But stay caution at higher levels, many time BNF was hammered around 38000-38200 levels
BNF can be considered as supports as 37800, 37720 and 37600
Below 37600 will try to check 37470
More live market update will be sent to my clients only
Updated: 08.37 am / 06th Oct 2021
