BankniftyFuture last close: 31903.10
BankniftyFuture was seen huge volatility on yesterday
BNF opened at 31875 and went to 32089.70 then slipped up to 31662 again shot up to 31900
Index was closed above the previous day’s close
Icicibank did very well and managed index
Day before yesterday Axisbank was performed well and managed index
However, every day one bank stock given more strength to bank index
Option premium (short straddle pair) closed at higher premium
BankniftyFuture is facing a intraday resistance at 32000 and 32130
Once if breaks and holds above the level……. Expecting more rally up to 32330
Almost 500 points left to hit life time high.
Today BNF considering a supports 31820, 31730 and 31650
Below 31650……… Finding a next support around 31500
Every declines can buy or sell PE or buy CE until 30950 closing basis stop-loss
More live market update will be sent to my clients only
Updated: 08.35 am / 07th Jan 2021
