Bankniftyfuture last close: 34682.20 (-1.2%)
BankniftyFuture was seen highly volatile on yesterday despite of low VIX
BNF was opened 34700 and went to 34970 then dropped 34486 again shot up to 34682
Do you know ? In last one hour BNF was seen highly volatile
Maybe option short sellers having huge trouble ahead of low premium
VIX sustained around 15
All front line banks stocks seen selling pressure
BankniftyFuture formed small bodied bearish candle on June 17
However, as per technical BNF is finding a strong support zone around 34400-34500 which was almost last 20 days low
If closes below 34400……… Further weakness will be expected on coming days
Otherwise expecting bounce-back to 34940 and 35100+
More live market update will be sent to my clients only
Updated: 08.21 am / 18th June 2021
