08th Feb 2021 #BankniftyFuture Intraday Levels

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