BankniftyFuture last close: 39652.50 (+0.1%)
BankniftyFuture was seen highly volatile on Monday
Bears dominated on first half and Bulls dominated on second half
BNF was opened 39615 then fell to 39051 thereafter spiked up to 39750
Indusindbank slipped more than 10%
Hdfcbank and Icicibank did well
PSUBanks ended marginally higher
Volatility index rallied 4%
BankniftyFuture is facing a intraday resistance 39750-39800
If stays above 39800 then will move 40000-40100
Higher level strong supply zone around 40250
On other side, NF can be considered as supports as 39500 and 39350
Below 39350 then will test 39000
Don’t short at very lower levels!!
Updated: 08.31 am / 09th Nov 2021
