BankniftyFuture last close: 35522.10 (-1.3%)
BankniftyFuture was seen strong selling pressure on Friday
BNF was opened 36500 and sustained 36300-36550 in first 2-3 hrs then bears was dominated and BNF slipped vertically up to 35206. Finally settled at 35522
BNF was slipped more than 1300 points from day’s high to low on Friday
All front-line stocks was seen selling pressure
PSU banks not well in last one week
SBIN struggled around 385-400
BankniftyFuture in last 10 days range was 34700 to 36600, In 2000 points movements with highly volatile past 10 days
However, The trend decider is 34700 and 36600 for March series
Today BNF is facing a intraday resistance 35650, 35770 and 35925
If sustains above 35925……….. Then will try to move 36200. If comes higher levels stay caution!!
Today BNF considering a supports 35225, 35100 and 34800
On lower levels 34700-34800 will be act strong support zone!!
Don’t short at lower levels ( Note: If closes below 34500, we see blood bath on coming days)
More live market update will be sent to my clients only
Updated: 08.32 am / 15th March 2021