BankniftyFuture last close: 35665.95 (+0.9%)
On Friday BankniftyFuture was opened gap up and went to 36640 due to SBIN climbed 15% on opening bell
Then Bank index fell almost 1000 points from day’s high
However, Overall on last week banknifty index rose 16% while PSU Bank index climbed 25%
SBIN and Kotakbank was given more points to bank index
Option premium is too high on Friday
BankniftyFuture volatile trade will be continued with up side during the day
Today BankniftyFuture is facing a intraday resistance at 35900, 36030 and 36300
If crossover 36300 with volumes then will move 36550
BNF considering a supports 35450, 35330 and 35050
If there is any declines likes above support zone can buy!!
Don’t short at very lower levels!!
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Updated: 08.28 am / 08th Feb 2021