Bankniftyfuture last close: 35856.50 (-0.4%)
On Friday, BNF was consolidated around 35800-35900 and ended 125 points down
Once again BNF was struggled around 35900 to 36100 previous week range was 35900-36000
Hdfcbank has announced below street expectations and increased NPA marginally
India volatility index was ended lowest level since 2021
Option premium was too low due to Wednesday holiday
Icicibank, Axisbank and Kotakbank was seen selling pressure on Friday
SGXNifty indicate a gap down opening. Hence, BNF will be opened around 300-400 points gap down
On Friday, Highest open interest was seen 36000PE that is the sign for weakness!!
Today focus on Hdfcbank and stock will be reacting based on the earnings report
However, BNF can be considered as supports as 35720, 35600 and 35450
BNF considering a major intraday support around 35450 which was last four day’s support. If not take support and expecting more selling pressure up to 35150-35000
BNF is facing a intraday resistance 35800, 35875 and 36000
Stay caution at higher levels
Updated: 08.47 am / 19th July 2021
