BankniftyFuture last close: 40941.40 (+0.7%)
On Tuesday, BankniftyFuture was seen strong consolidation with positive bias
BNF was opened gap up at 40850 and went to 40986 finally ended at 40941
Private banks did well
Hdfcbank and Indusindbank did very well
PSUBanks seems marginally selling pressure
VIX sustained around 17.50
Option premium didn’t fall
SGXNifty indicates a huge gap down opening and BNF also will be opened huge gap down
Likely to witness highly volatile will be expected during the day
As per Open interest 41000CE and 40000PE was seen highest OI
However, BNF can be considered as supports as 40640 and 40480
If breaks and manages below 40480, Finding a next supports 40300 and 40050
Strong support zone around 40K. Closely watch it!!
On other side, BNF is facing a intraday resistance 40700, 40800 and 41000
Updated: 08.13 am / 14th Sept 2022
