BankniftyFuture last close: 35065.10 (-0.3%)
After long time BankniftyFuture was seen volatile despite of low VIX
BNF was opened 35025 then fell and made a low was 34455 again bounced-back to 35130
Yesterday’s move was almost 1200 points in BNF but VIX was not spike
Option premium too low, even next week expiry (monthly) ATM straddle was at 1050 and current week ATM straddle at 550
Low VIX maybe huge struggle for option sellers because of low premium
Maybe option writers dominate monthly expiry!! ?
SBIN did well and other banks did not move significantly
BankniftyFuture is falling but rising again in past many days that’s why I written many times “Don’t short at lower levels”
Let’s see today’s levels
BankniftyFuture is facing a intraday resistance 35180, 35250 and 35440
Above 2nd and 3rd resistance are crucial for today’s trade!! Stay caution
BNF can be considered as supports as 34950 and 34850
Below 34850…….. Will try to check 34675
But, again same mantra……. Don’t short at very lower levels
More live market update will be sent to my clients only
Updated: 08.17 am / 15th June 2021
