BankniftyFuture last close: 39378.25 (+0.3%)
On Thursday, BNF was seen highly volatile and ends positive bias
BNF was opened 300 points gap up at 39500 and went to 39750 then slipped to 39340
BNF was closed almost day’s low on 07 Sept
Hdfcbank seen selling pressure
Icicibank seen consolidate with positive mode
VIX fell 8% and ended around 19.30
Yesterday BankniftyFuture was unable to hold the opening gains
Also formed a small bodied bearish candle
However, BNF is facing a intraday resistance 39450, 39500 and 39630
If sustains above 39630 will try to check 39800
But, Stay caution at higher levels
On flip side, BNF can be considered as supports as 39260 and 39150
Below 39150 finding a next support around 38900
Updated: 08.32 am / 07th Oct 2022
