BankniftyFuture last close: 36007.75
On Wednesday, BankniftyFuture was consolidated around 35900 to 36100, Finally BNF was settled around 36000
All frontline stocks was sustained and did not move significantly
PSU bank was seen under selling pressure on Wednesday
Option writers dominated on entire day due to consolidated market
Option buyers faced huge trouble on Wednesday
SGXNifty indicate a gap up opening and followed by BNF too
In last two weeks BNF was took strong support around 34800-3500 and resistance 36500-36600.
Today, Is BNF will sustain above the recent top or again will hammered on top? wait and see
Let’s see today’s technical levels
BNF is facing a intraday resistance 36250, 36475 and 36600. These levels are very strong resistance in past 2 weeks
Suppose, BNF if crossover 36600 and manages above the level, further rally will be expected up to 36850-37000
BNF is considering a supports 36000, 35780 and 35500
Option short sellers : Can sell below 35000PE and can sell above 37500CE (Suppose if sustains above 36700 will adjust to 38000CE)
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Updated: 08.30 am / 12th March 2021
