BankniftyFuture last close: 39920.85 (+1%)
On Monday, BankniftyFuture was seen strong rally and ended 1% higher
BNF was opened 39500 and rallied up to 39999 and ended 39920.85
Icicibank and Hdfcbank did very well
Icicibank contribute more points to lift the bank index
Kotakbank also did well
Fedbank gained more than 4%
VIX sustained around 19-20
Option premium slowly melting
BankniftyFuture is facing a intraday resistance 40000, 40080 and 40220
Once if breaks and holds above 40220 then will try to move 40450
On other side, BNF can be considered as supports as 39820, 39750 and 39620
If breaks and manages below 39620 finding a next support 39400
Updated: 08.50 am / 06th Sept 2022
