BankniftyFuture last close: 38468.35 (+1.6%)
On Monday, BankniftyFuture was seen outperformed and index rose 1.6%
On last 6 sessions Bank index shot up to more than 8%
Private banks did very well on last one week
Icicibank, Axisbank, Kotakbank and Hdfcbank gained 8% to 15%
PSUBanks gained 5% to 8%
Yesterday BNF was sustained around 38200 then spiked and went to 38520
Volatility index sustained around 18
Option premium seen higher range due to high VIX
Highest OI added in PE and 38000PE was seen highest OI
On CE side, 38500 and 39000CE was seen equal and highest OI
BankniftyFuture formed a bullish candle on Monday
Also formed higher highs and higher lows which was indicated bullish signal and buy on dip
However, BNF is facing a intraday resistance 38550 and 38850
If sustains above 38850 will try to check 39000
On other side, BNF can be considered as supports as 38250 and 38000
Yesterday’s low was 38000 and will be act today’s support
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Updated: 08.22 am / 11th Jan 2022
