BankniftyFuture last close: 34045.20
BankniftyFuture was surged more than 1500 points in last two sessions
On yesterday, BNF was opened gap up at 33950 and went to 34244 and finally closed at 34045
Hdfcbank did well and helped to lift the index
Kotakbank, Icicibank and Axisbank seen marginal gains
After Canbank result selling pressure seen in SBIN
SBIN will be declaring earnings report on Friday
VIX below 20 and option premium looks too low
SGXNifty indicate a negative opening for the index and banknifty also followed to be opened 200-300 points gap down
Yesterday BankniftyFuture formed a hammer kind of pattern chart which was indicating caution at higher levels
BankniftyFuture is facing a very strong resistance and one month high was around 34300
If stays above the level………… Then only we see further rally!!
Are you risky trader ?? Sell on rise and keep a stop of 34300 closing basis!!
Today BNF can be considered as supports as 33900, 33800 and 33610
Day before yesterday closing was today’s strong support around 33540-33600
Thereafter……….. Bears will be dominating!!
Updated: 08.33 am / 19th May 2021