BankniftyFuture last close: 34981.80 (+1.8%)
On Thursday, BankniftyFuture was rallied and gained more than 1.5%
BNF was opened gap up at 34625 and rallied up to 35028
Psubanks did very well and lift the bank index
Hdfcbank, Icicibank and kotakbank well moved
SBIN slowly rallied with positive bias
VIX ended below 20
Option premium melting due to low VIX
BankniftyFuture formed a big bullish candle on 7 July
BankniftyFuture is facing a intraday resistance 35100 and 35225
If breaks and manages above 35225 will try to move 35400
On other side, BNF can be considered as supports as 34900 and 34750
If there is any declines can add with support of 34500
Updated: 08.30 am / 08th July 2022
