BankniftyFuture last close: 36976
BankniftyFuture was seen huge volatility on yesterday like moved both sides
BNF was opened at 37050 and went to 37400 then slipped up to 36820
HDFCBank did not well and stock lost more than 2%
PSU Banks did very well like SBI, BOB and PNB
Option premium is little bit high, can do short straddle and strangle
Volatility trade will be expecting during the day due to weekly expiry
Toda BankniftyFuture is facing a intraday resistance 37100, 37250 and 37400
Suppose if stays above 37400………Expecting further strength up to 37750
Today BNF considering a supports 36820 and 36650
Below 36650………. will try to check next support around 36400
Major support around 36400…………. Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.28 am / 18th Feb 2021
