BankniftyFuture last close: 43576.45 (-1.3%)
What a terrific Thursday
BankniftyFuture was seen highly volatile with negative bias
BNF was opened 44050 and went to 44197 then dropped to 43482
All bank stocks was seen selling pressure
PSUBank index fell 1.8%
Hdfcbank major contributor to fell the bank index
VIX shot up to 13.80 from 13
Option premium went up marginally
BankniftyFuture formed a big bearish candle on Dec 15
BankniftyFuture is facing a intraday resistance 43700 and 43800
If stays above 43800 will try to move 43950
Stay caution at higher levels. Don’t jump and buy!!
On other side, BNF can be considered as supports as 43440, 43370 and 43200
Below 43200 finding a next support around 42900
Updated: 08.31 am / 16th Dec 2022
