BankniftyFuture last close: 39782.45 (+1%)
On Monday, BankniftyFuture was opened gap up likes 39800 levels
BNF was consolidated with volatile around 39600 to 40000
Hdfcbank was opened +2% but unable to sustained opening gain and ended 1% down
Icicibank did very well
PSU Banks likes SBIN, BOB and Canbank rallied 2% to 5%
Volatility index surged nearly 10%
Option premium shot up
Icicibank will be declaring the earnings report on coming Saturday
BankniftyFuture formed a bullish candle on daily scale on 18 Oct
BankniftyFuture is facing a intraday resistance 39900 and 40030
Once if sustains above 40030, will try to move 40200
On other hand, BNF can be conisdered as supports as 39670, 39570 and 39400
Below 39400, Expecting next support around 39150
More live market update will be sent to my clients only
Updated: 07.43 am / 19th Oct 2021
