BankniftyFuture last close: 41494.80 (+1.4%)
On Sept 20, BankniftyFuture was seen strong rally and gained 1.4%
BNF was opened gap up at 41400 then went to 41724
In last one hour was seen selling pressure and slipped around 250 points from day’s high
Hdfcbank, Icicibank, Indusindbank and Axisbank did very well
PSUBank index did well
VIX dropped 5% and settled around 18.50
Option premium sustained ahead of FED event
BankniftyFuture is facing a intraday resistance 41580 and 41730
If breaks and manages above 41730 will try to move 41850-42000
On other hand, BNF can be considered as supports as 41360 and 41200
Below 41200 finding a next support around 40950
Updated : 08.37 am / 21st Sept 2022
