BankniftyFuture last close: 34929.35 (-1%)
First half on 9 June, BankniftyFuture was opened at 35281 then slipped up to 35063 again went to 35547 and sustained these levels almost 2-3 hours
Second half on 9 June, BNF was dropped from 35500 to 34757.65 within 20 minutes again shot up to 35150. Finally settled at 34929
Yesterday noon I did mention “BNF was took support around 35050”
After broken 35050 was seen huge selling pressure
All bank stocks was underperform
VIX below 15, Avoid short straddle due to low premium
BankniftyFuture was formed a bearish candle on daily chart
BNF was ended with a premium of 130 points so option buyer and seller must watch spot price.
As per OI 35500CE was seen highest OI and followed by 35000CE.
Today BNF is facing a intraday resistance 35080, 35150 and 35275
Once if sustains above 35275 finding a next resistance 35400
But, Stay caution at higher levels!!
Today BNF can be considered as supports as 34750, 34640 and 34500
Major support around 34500
More live market update will be sent to my clients only
Updated: 08.39 am / 10th June 2021