BankniftyFuture last close: 35399.55 (+0.1%)
On Monday, BankniftyFuture was seen consolidated around 300 points
BNF was opened 35200 and made a low of 35141 then spiked to 35527
Finally, BNF was ended almost flat on June 6
Private and PSU Bank was seen mixed trend
VIX sustained around 20-21
Option premium did not falling and waiting for RBI Policy
As per open interest, 35500CE and 36000CE added more OI
On PE side there is no significant OI which means sell on rise
However, BNF is facing a intraday resistance 35470, 35530 and 35650
Above 35650 will try to move 35800. But, Stay caution at higher levels!!
On other side, BNF can be considered as supports as 35300 and 35150
Below 35150, will try to check 35000-34800 levels
Updated: 08.19 am / 07th June 2022
