BankniftyFuture last close: 36881.70 (+0.8%)
On Wednesday, BankniftyFuture was opened 36620 and made a low of 36502 then bounced back to 36946
Do you know ? Yesterday morning I sent alert to my clients as well as Free telegram channel BNF support around 36500. BNF did not break my support.
Yesterday BNF was seen strong note despite of weak in Nifty50
Kotakbank lift the bank index to more gain
Hdfcbank, and Icicibank gained marginally
Volatility index sustained 15
As per open interest data, Banknifty 37000CE was seen highest OI and second highest OI was seen 36800CE
On PE side 36500PE and 36000PE added more OI.
BankniftyFuture formed a bullish candle on yesterday’s trade
However, BNF is facing a intraday resistance 36950 and 37100
Higher side major resistance zone around 37100-37200. Watch it!!
BNF can be considered as supports as 36800, 36650 and 36500
Magic support around 36500…… If sustains below the level expect more pain
Updated: 08.29 am / 09th Sept 2021