BankniftyFuture last close: 32265.20 (-0.8%)
BankniftyFuture was trading range between 32000 to 33500 in last 9 sessions
On Friday, BNF was opened 32500 and went to 32698 then slipped 32184
BNF was seen range with volatile in last few sessions
In range market can do short strangle or short straddle
Option premium will be melting if range markets
That is the reason volatility index closed below 20 level
PSU banks like, SBIN, Canbank, Fedbank and BOB focus on coming days
SGXNifty indicate a positive opening for the index and followed by bank index
BankniftyFuture is facing a intraday resistance 32360, 32450 and 32600
If sustains above 32600 then will try to move 32800+
On other side, BNF considering a intraday support 32185, 32085 and 31950
Below 31950, Finding a next support around 31625 which was last 15 days low
More live market update will be sent to my clients only
Updated: 08.22 am / 17th May 2021
