BankniftyFuture last close: 30869.25 (-5.4%)
Anyone didn’t expected yesterday’s fall and Bears dominated entire day
BNF was opened gap down at 31821 and non stop dropped up to 30610
Finally recovered almost 200 points from day’s low. Net tally Bank index fell 1600 points
PSU banks was see worst performance in 2021. Index fell more than 5%
All private banks fell 3 to 6% on yesterday
Option premium was sustained higher levels due to high VIX
Maybe today option premium will be melting due to tomorrow holiday
SGXNifty indicate slightly positive note and bank index also will open around 31k
Today Bankniftyfuture is facing a intraday resistance 30970, 31125 and 31260
Once if breaks and manages above 31260……… Then will try to move 31500
But……… Again same mantra……… Sell on rise!!
Today BNF can be considered as supports as 30600 (almost yesterday’s low)
If sustains below the level………… then will check 30480 and 30250
More live market update will be sent to my clients only
Updated: 08.35 am / 13th April 2021
