BankniftyFuture last close: 35508.50 (-0.8%)
On Friday, BankniftyFuture was sustained around 35800-35950 almost 2 hrs
After RBI Governor’s speech was seen profit booking and fell up to 35350
Selling pressure visible in frontline bank stocks
VIX below 16 for the first time in 2021
Option premium is very low….. Its trouble for option writers
BankniftyFuture weekly trend decider at 35050 and 35950
Today BankniftyFuture is facing a intraday resistance at 35670 and 35850-35900
Above resistance is crucial for today’s trade
BNF can be considered as supports as 35440, 35350 and 35100-35050
Very strong support zone around 35050 to 35150. Don’t short at these levels!!
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Updated: 08.30 am / 07th June 2021