BankniftyFuture last close: 38156.55 (-0.3%)
BankniftyFuture was seen highly volatile on Wednesday
BNF was opened 38178 then shot up to 38408 then fell to 37850
Finally BNF was ended at 38156
PSU Banks did very well and index went to 2% gain
Private banks was seen selling pressure
Volatility index sustained 17.50
Option premium seems little lower on Wednesday
Icicibank will be declaring the earings report on Saturday
As per Open Interest, 38500CE added more OI and 38000CE and PE seems equal OI
Which was indicated sell on rise likes until 38500
However, BankniftyFuture is facing a intraday resistance 38300 and 38385 and 38550
As per open interest 38500-38550 is the strong resistance zone on today
Suppose if stays above 38550 will try to move 38750
But, Stay caution at higher levels!!
On other side, BNF considering a supports 38000 and 37850
Below 37850, finding a next support around 37500
More live market update will be sent to my clients only
Updated: 08.39 am / 20th Jan 2022
