Last close: 35749.05 (-2.6%)
On Friday, BankniftyFuture was seen heavy selling pressure with signgle side
BNF was opened 36640 then fell up to 35640. Finally ended at 35749
All bank stocks was seen selling pressure
Volatility index marginally spiked around 17.40
PSU Bank index slipped more than 3% on last week
Private banks did not well
Indusindbank fell nearly 5% on Friday
BankniftyFuture Weekly Trend Decider 35450 and 37300
On open interest side, highest OI added in CE side and there is no significant OI on PE side
Which was indicated sell on rise
However, BNF is facing a intraday resistance 35950 and 36100
If sustains above 36100 expecting some rally….. but stay caution at higher levels
On other side, BNF can be considered as supports as 35600 and 35450
Once if breaks and sustains below 35450, expecting more pain up to 35000-34800
More live market update will be sent to my clients only
Updated: 8.14 am / 20th Dec 2021
