BankniftyFuture last close: 39654.90
On Wednesday, BankniftyFuture was opened 39520 and made a low of 39395 again shot up to 39850
BNF was consolidated around 39600 to 39800
But, Volatility index spiked 8%
Option premium fell marginally
Sbin and PSU Banks did well
Icicibank consolidated at higher levels
Icicibank will be declaring the earnings report on 23rd Oct
Hdfcbank sustained
As per open interest Banknifty 40000ce added more OI and opposite PE side there is no significant OI
Which was indicated volatility will be expected during the day
BNF is facing a intraday resistance 39850 and 40000
If sustains above 40000 will try to move 40175
Otherwise, stay caution at higher levels!!
Other hand, BNF can be considered as supports as 39550 and 39400
If sustains below 39400……. Expecting more pain up to 39000
Updated: 08.32 am / 21st Oct 2021
