BankniftyFuture last close: 35287.95 (-1.6%)
BankniftyFuture was opened gap down and slipped 1.6% on Friday
However, BNF was took support around 34700-34900 in last two times
On Friday BNF was made a low of 34887 then bounced up to 35300, Now gap up opening
Option premium is too high
Like ATM straddle above 1200 weekly expiry despite of Wednesday expiry
On OI side 34500 PE and 36000CE was seen huge OI on Friday
SBIN broken recent support at 285
SGXNifty indicate a gap up opening and followed by Bank index also will open 300+
Today BankniftyFuture is facing a intraday resistance 35400 and 35540
If stays above 35540, Will try to move 35740 and 35900
BNF considering a supports 35100, 34950 and 34750
Strong support zone around 34600-34750. Don’t short at these levels!!
More live market update will be sent to my clients only
Updated: 08.32 am / 08th March 2021
