BankniftyFuture last close: 33888.30 (+1.9%)
On Wednesday, BankniftyFuture was opened 33300 and made a low of 33052 then shot up to 34025
The bank index shot up almost 2% on 9 March
All bank stocks did very well
PSUBank index rose 2.5%
Sbin did very well
Option premium was seen littlie high due to VIX at 27
BankniftyFuture formed a bullish candle on last two sessions
As per open interest, 35000CE added more OI and 33000PE added more OI
Nearby strikes there is no significante OI
However, BNF is facing a intraday resistance 34000 and 34200
Once if breaks and holds above the level will try to check 34400-34600
On other side, BNF can be considered as supports as 33800 and 33500
Below 33500, will try to check 33200
Updated: 08.30 am / 10th March 2022
