BankniftyFuture last close: 34370.10 (+1.6%)
On Wednesday, BankniftyFuture was seen volatility with positive bias
BNF was opened 33900 and went to 34434 then ended at 34370
Icicibank and Hdfcbank did well
Psu banks also marginally gain
Sbin was seen buying power and higher
VIX sustained 20-21
Option premium shot up in last one hour due to FOMC minutes
BankniftyFuture formed a big bullish candle on 06 July
As per open interest, 34000PE added huge OI and 34500CE, 35000CE seems equal OI
Which is indicating rally will be expected!!
However, BNF is facing a intraday resistance 34430, 34480 and 34560
Once if breaks and manages above 34560 will try to move 34800 levels
On flip side, BNF can be considered as supports as 34250, 34150 and 34000
Strong support zone around 34k
Updated: 08.23 am / 07th July 2022
