Last close: 37886.30 (+0.7%)
On Thursday, BankniftyFuture was opened 37912 and went to 38050 then ended 37886.30
BNF was seen range with volatile on yesterday
Option premium was melting in morning due to low VIX
Private banks sustained as well as PSU Bank also
Indusindbank did well
Kotakbank was seen selling pressure
Today RBI to take a call on interest rate decision at 10 am and expecting there is no surprise
Likes, they hold the rates but key trigger is forecast
However, BNF is facing a intraday resistance 38050, 38200 and 38400
Above 2nd and 3rd resistance are very crucial for today
Suppose, if breaks and holds above the level expecting further bulls action
BNF can be considered as supports as 37750, 37600 and 37470
Below 37470……. more pain
Updated: 08.38 am / 08th Oct 2021
