BankniftyFuture last close: 37591.30 (+0.2%)
On Friday, BankniftyFuture was seen highly volatile with range of 500 points
BNF was opened 37350 and slipped to 37203 then shot up to 37835
Finally ended at 37591.30 with 0.2% gain
Volatility index sustained above 20 mark
PSU Banks was seen selling pressure
Option premium seems higher like ATM straddle price sustained around 1000
BankniftyFuture formed a lower highs and lower lows in last three sessions
Which was indicated stay caution at higher levels!!
BNF is facing a intraday resistance 37700, 37850 and 38000
If stays above 38000, will try to check 38250
But, stay caution at higher levels
On flip side, BNF can be considered as supports as 37400 and 37240
Below 37240 will try check 37000
Updated: 08.23 am / 21st Feb 2022
