BankniftyFuture last close: 36968.25 (+0.75%)
On Wednesday, BankniftyFuture was once again bounced from support zone like 36600 and shot up to 37065
Not yesterday, Last 10 days BNF was consolidated around 36500 to 37200
Day before yesterday Kotakbank and Indusindbank was helped to lift the bank index
Yesterday, Sbin, Icicibank and Indusindbank was helped to bank index as well as Nifty50
Option premium was seen very lower ahead of low movement
Hdfcbank did not participate in market, once if participate BNF will try to break recent peak 37200+
BankniftyFuture formed a bullish candle on yesterday which was indicated good sign
But, BankniftyFuture is facing a strong resistance around 37150-37250
If crossover and sustains above the level, I am expecting further rally
Suppose if not breaks above level, expecting some selling pressure up to 36835, 36700 and 36570
As per OI, I do not expect significant move on either side!!
In this kind of market better can do short straddle!!
More live market update will be sent to my clients only
Updated: 08.37 am / 16th Sept 2021
