BankniftyFuture last close: 34632.35 (-1.8%)
On last week, Banknifty index was fell around 4.25%
On Friday, BNF was opened 34650 and fell up to 34383 again bounced to 34630
The final tally was BNF ended 1.8% down
All bank stocks was seen selling pressure
VIX spiked 5% and ended around 21.50
AXISBank was seen selling pressure due to Axis mutual fund issue
BankniftyFuture trend decider for this week is 34100 and 36000
SGXNifty indicates a gap down opening for the index and followed by bank index also
However, BankniftyFuture can be considered as supports as 34500, 34350 and 34100
If sustains below 34100 will try to check 33900 levels
On other side, BNF is facing a intraday resistance 34750, 34850 and 35100
Updated: 08.20 am / 09th May 2022
