BankniftyFuture last close: 33520.30 (-1.3%)
On Wednesday, BankniftyFuture was opened 32775 then consolidated around 33600-33700 almost 2-3 hrs then slipped 33423 and finally settled at 33520
Not seen any violent move on weekly expiry
VIX was sustained almost flat in whole day but in last 10 minutes spiked 6%
Private banks stocks was seen consolidate while PSU bank stocks seen buying action
SGXNifty indicate a flat opening for the index and followed by bank index
BankniftyFuture is facing a intraday resistance at 32630, 32750 and 32950
Above 2nd and 3rd resistance are hurdle for today’s trade!!
BNF can be considered as supports as 32400, 32300 and 32100
Below 32100………. expecting more pain
Don’t short at very lower levels!!
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Updated: 08.29 am / 14th May 2021