BankniftyFuture last close: 35875.40
What a volatile day on Feb 10
BNF was opened 35960 and went to 36253 then slipped up to 35463 again shot up to 36000
In last 1 hour BNF was moved almost 800 points up and down
Yesterday morning 36000 short straddle price was at 750 I given selling alert and closed at 520
All bank stocks sustained and did not moved significantly
BankniftyFuture formed a hammer pattern on daily chart which indicates sell on rise
BankniftyFuture is facing a intraday resistance at 36000, 36130 and 36300
Higher level major resistance around 36500-36700
BNF can be considered as supports as 35700, 35570 and 35400
Below 35400……. expecting some selling pressure up to 35000-35100
However don’t short at very lower levels
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Updated: 08.39 am / 11th Feb 2021