BankniftyFuture last close: 35010.75 (-0.2%)
On Wednesday, BankniftyFuture was seen highly volatile due to RBI Policy
BNF was opened 35200 then fell to 34930 and shot up to 35555 again fell to 34890
BNF was moved almost 1000 points up and down on yesterday
Private banks was seen selling pressure
Icicibank major contributor to drop the bank index
PSUBank index gained marginally
VIX ended below 20
Option premium was melted after the RBI policy
BankniftyFuture has formed shooting star formation on 08 June
Which means stay caution at higher levels!!
As per OI data showing, CE side added more OI and reduced OI on PE side
However, BankniftyFuture is facing a intraday resistance 35100, 35200 and 35400
Stay caution at higer levels!!
On other side, BNF can be considered as supports as 34800, 34650 and 34500
Below 34500….. expecting more weakness
Updated: 08.36 am / 09th June 2022
