BankniftyFuture last close: 38139.40 (-0.7%)
On Wednesday, BankniftyFuture was seen range with volatility
BNF was opened 38150 and went to 38562.85 then slipped to 38055
BNF was broken recent low 38170 and ended below the level 38140
Private banks and PSU Banks was seen selling pressure
Volatiltiy index sustained around 15
I have recommended selling alert BNF 38450 and booked profit at 38150
Same time recommended 38500PE at 330 and booked profit at 450
On open interest side, highest OI added 38500CE and PE side there is no significant OI
Which was indicated further weakness will be continue
However, BNF is facing a intraday resistance 38280, 38400 and 38560
Above 2nd and 3rd resistance are very hurdle
On other side, BNF can be considered as supports as 38000 and 37850
Below 37850….. will try to check 37750-37500
More live market update will be sent to my clients only
Updated: 08.38 am / 18th Nov 2021
