11th Feb 2021 #BankniftyFuture Intraday Levels

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

More live market update will be sent to my clients only

Updated: 08.39 am / 11th Feb 2021