BankniftyFuture last close: 37629.20 (-0.4%)
What a terrific Thursday, BankniftyFuture was moved highly volatile on 06 Jan
BNF was opened 37410 and made a low of 37179 then consolidated around 37400
After 2 pm, BNF was surged from 37400 to 37900 then fell to 37500
Finally ended at 37629.
PSU Bank index sustained and ended flat note
Icicibank did well and Hdfcbank was seen selling pressure
Volatility index spiked 5%
BankniftyFuture formed a small bodied bullish candle and BNF was ended above opening level
Which was indicated further up trend will be expected from supports zone
However, BNF is facing a intraday resistance 37850, 37975 and 38100
If sustains above 38100….. Expecting further rally
On flip side, BNF can be considered as supports as 37500, 37400 and 37230
Below 37230……Stay caution!!
Updated: 08.30 am / 07th Jan 2022