BankniftyFuture last close: 35808.75 (-0.2%)
BankniftyFuture was seen volatile with consolidate trade on 11th Feb
Feb 2nd week expiry BNF was moved 35400 to 36600 to 35600, movement was 1000 points with volatility
Option premium was too high on yesterday opening like 36000 straddle opened at 450 and closed around 200. Do you know ? Day before yesterday I recommended this straddle at 750
All front line banks was seen consolidate
BankniftyFuture likely to open flattish note and expecting consolidate trade during the day
Today BNF is facing a intraday resistance at 35925, 36050 and 36275
Stay caution at higher levels until 36600.
On other side, BNF considering a support at 35725, 35600 and 35450
Below 35450……… expecting more pain!!
More live market update will be sent to my clients only
Updated: 08.32 am / 12th Feb 2021
