BankniftyFuture last close: 31239.70 (-2.6%)
BankniftyFuture was opened gap down at 31100 and made a low of 30451 then shot up to 31337 on April 19
BNF was recovered almost 900 points from intraday low but index fell more than 800 points in daily basis
HDFCbank punished by street due to below expect result
Icicibank, Axisbank, Sbin and Kotakbank fell significantly
Option premium seems too high ahead of VIX climbed 10%
BankniftyFuture is facing a intraday resistance 31400 and 31520
If stays above 31520 then will try to move 31750 and 32000
But…….. Stay caution at higher levels like around 32k
Today BNF considering a supports 31150, 31000 and 30750
Below 30750, Finding a next support 30450 which was yesterday’s low
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.30 am / 20th April 2021
