Last close: 32584.70
BankniftyFuture was seen sideways trade on 20th Jan and closed almost 65 points gain
BNF was opened 32426 and made a low of 32354 then went to 32664
Index nearby recent peak at 32860
Icicibank, Axisbank, Indusindbank helped to index
VIX fell more than 5%
Banknifty option premium was seen very lower. Better to avoid strangle
SGXNifty indicate a positive opening for the index and followed by Bankindex will open 200+
Today BankniftyFuture is facing a intraday resistance 32700, 32780 and 32900
Very strong resistance around 32850-32900……… Suppose if crossover and holds above the level……… Rally will be expected above 33k
BNF considering a supports 32500, 32410 and 32250
Don’t think short at lower levels!!
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Updated: 08.38 am / 21st Jan 2021
