BankniftyFuture last close: 36899.75 (-0.2%)
On Friday, BankniftyFuture was opened 37000 and went to 37249 then fell 36670
Finally BNF was ended at 36900
Bank stocks was sustained and not seen significant move
Volatility index sustained 13.50
Option premium was seen lower level
PSUBanks did not well in last week
On Friday closing basis, 37000CE was seen highest Open Interest and PE there is no significant OI
BNF was formed small bodied bearish candle on daily scale and formed bullish candle on weekly basis
Today BNF is facing a intraday resistance 37000, 37100 and 37250
If stays above 37250 expect further bull’s action
BNF can be considered as supports as 36850, 36730 and 36500
Major support zone around 36500……. Watch it
More live market update will be sent to my clients only
Updated: 08.33 am / 06th Sept 2021
