BankniftyFuture last close: 36948.90 (-0.3%)
On Wednesday, BankniftyFuture was seen highly volatile with range
BNF was opened 37000 and went to 37218 then slipped to 36900
Finally BNF was ended at 36949
PSU Banks was seen selling pressure
Private banks sustained
Volatility index also sustained around 17.50
In last 6 sessions BNF was struggled and took supports around 36800
Yesterday recommended BN 37000CE at 250 and achieved target 150
BankniftyFuture was formed small bodied bearish candle on yesterday
On open interest side, Highest OI added 37000CE and 37500CE
PE side there is no significant OI
However, BNF is facing a intraday resistance 37050, 37200 and 37450
Above 2nd and 3rd resistance very crucial for today’s trade
Suppose, If sustains above 37450…. Expecting more rally
On other side, BNF can be considered as supports as 36900 and 36775
Below 36775….. Will try to check 36500
More live market update will be sent to my clients only
Updated: 08.34 am / 16th Dec 2021
