BankniftyFuture last close: 34728.90 (+0.6%)
SGXNifty indicates a gap down opening for the index and followed by Bank index also
As per open interest 35000CE added more OI and 34500, 34000PE was seen equal oi
Which means 35000 is the strong resistance zone on today’s trade!!
However, BNF can be considered as supports as 34550 and 34400
If breaks and holds below 34400 will try to check 34175 and 34000
Major support around 33900-34000
On flip side, BNF is facing a intraday resistance 34800 and 35000
Stay caution at higher levels!!
Updated: 08.37 am / 12th May 2022