BankniftyFuture last close: 32075.65
BankniftyFuture was seen selling pressure on Friday and Index did not hold above opened price
BNF was opened 32260 and went to 32439 then fell and made a low of 31986
But, Option premium did not fall and ATM straddle was closed above 1000
This weekly only 4 sessions are there and weekly expiry just 3 days but too much premium
Traders expect huge volatility that’s why high premium is there
Banknifty spot closed almost 32k, Let’see 33000CE was closed at Rs 143 but 31000PE was closed at 245
SGXNifty indicate a gap down opening and BNF also followed to open gap down
BNF can be considered as supports as 31930, 31800 and 31650
If stays below 31650……..Finding a next support around 31450 and 31220
BNF is facing a intraday resistance 32050, 32150 and 32330
If there is any rise……… can sell
More live market update will be sent to my clients only
Updated: 08.38 am / 19th April 2021
