BankniftyFuture last close: 35311.55
BankniftyFuture was seen range with volatile session on 12th July
BNF was opened 35386 and went to 35569 then fell vertically to 35152 again bounced-back and settled around 35300
First half seen very range market and second half seen volatile
But, India volatility index did not climb and ended flat note
Bank stocks sustained
Option premium was ended very lower level ahead of low VIX
BankniftyFuture has formed a small bodied bearish candle on daily scale which was indicated caution trade on higher levels
BNF is facing a intraday resistance at 35425, 35500 and 35630
If stays above 35630, will try to move 35750……..
But stay caution at higher levels until 36000
BNF can be considered as supports as 35300, 35220 and 35075
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.22 am / 13th July 2021