BankniftyFuture last close: 23766.95 (-0.6%)
BankniftyFuture snapped after consecutive seven winning streak
Index was opened at 23935 and went up to 24217 then slipped 23588.40 finally closed at 23766.95
BNF was seen huge volatility on entire day
Options premium did not fall & Trouble for option sellers
Like Banknifty ATM strike 23700CE and PE both value was 735. Too much premium was there. In fact normally ATM strike on Monday maybe close around 530.
Hdfcbank was seen selling pressure on yesterday’s trade
Today BankniftyFuture is facing a intraday resistance at 23835 and 23960
Once if breaks and manages above 23960……… Then will try to check 24150-24300
But, Stay caution at higher levels…………
Today Bankniftyfuture can be considered as supports as 23650, 23590, and 23430
Below 23430……….. Try to check 23200. But don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.21 am / 13th Oct 2020
