BankniftyFuture last close: 32617.55 (-1%)
BankniftyFuture was seen highly volatile with selling pressure on April 9
BNF was opened 32312 and made a low of 32251 then shot up to 33174 again slipped up to 31600
BNF was took strong support around 32200-32400 almost 3-5 times
All frontline bank stocks did not given support to bank index
Especially, Hdfcbank, Icicibank, and SBIN was seen huge selling pressure
HDFCBank will be declaring earnings report on coming Saturday
SGXNifty indicate a gap down opening and followed by Bank index will be opening around 200-300 points down
BNF can be considered as supports as 32430 and 32250. Once if breaks and holds below 32250
Further weakness will be expected up to 32000 and 31750
BNF is facing a intraday resistance 32780, 32900 and 33100
If rise can sell and don’t think to buy at fresh position at higher levels!!
More live market update will be sent to my clients only
Updated: 08.28 am / 12th April 2021
