Bankniftyfuture last close: 39513.45 (+0.5%)
BankniftyFuture was seen range with consolidation around the opening level
BNF was opened 39430 and made a low of 39260 then went to 39548
Finally BNF was ended 0.5% higher
Hdfcbank and Icicibank supported and lift the bank index
VIX sustained around 17.50 to 18
Bankbaroda and SBIN did well
As per open interest 39000PE added more OI and 40000CE added more OI
39500CE seems marginally higher OI
However, BNF is facing a intraday resistance 39550, 39600 and 39700
If breaks and manages above 39700 will try to move 39850
On other hands, BNF can be considered as supports as 39430 and 39350
Below 39350 finding a next supports 39250 and 39100
Updated: 08.31 am / 18th Aug 2022
