BankniftyFuture last close: 42216.70 (-1.3%)
On Tuesday, BankniftyFuture was seen highly volatile with negative bias
BNF was opened 42700 and slipped to 42005 then ended 42216
All banks was seen selling pressure
Hdfcbank and Axisbank was fell 2% to 3%
VIX shot up 7% at 15.60
PSUBank index fell around 1.5%
Option premium did not fall due to VIX shot up
Today BankniftyFuture is facing a intraday resistance 42300, 42370 and 42450
If breaks and manages above 42450 will try to move 42650
On other side, BNF can be considered as supports as 42075 and 42000
Below 42000 finding a next support around 41800
Updated : 08.23 am / 11th Jan 2023
