BankniftyFuture last close: 32206.95 (+1.1%)
BankniftyFuture was seen extremely volatile on April 15 due to weekly expiry
BNF was opened 31950 and went to 32220 then dropped and made a low of 31450 again spiked up to 32294. Almost 1400-1600 points movements
BNF was recovered almost 1600 points from Monday’s low to yesterday’s close
PSU banks sustains at marginal higher
HDFCBank set to declare earnings report on April 17
Icicibank will declare on next week
BankniftyFuture was formed a small bodied bullish candle on a daily scale and closed above weekly high but not break last week close 32600
Let’s see, BNF is facing a intraday resistance 32360, 32450 and 32650 which was placed at last week closed
If stays above 32650……… expecting further rally and some relax.
(HDFCBank if declare good report on tomorrow……… BNF rally will be expected 34k for next week)
BNF can be considered as supports as 32050, 31920 and 31800
Don’t short at very lower levels!!
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Updated: 08.29 am / 16th April 2021