BankniftyFuture last close: 31250.55
BankniftyFuture was opened more than 300 points gap up on 20 April but unable to sustained opened level and fell more then 800 points from day’s high
BNF was opened 31589 and went to 31784 then dropped up to 30917
Bears have an huge power when index rising and they sell aggressively
All front line banks was seen selling pressure
Option premium did not falling on Tuesday
PE premium was added huge open interest
BankniftyFuture has formed hammer pattern with bearish candle on a daily scale
Which indicating every rise seen the huge selling pressure and seems very bearish mode
Today BNF is considering a supports 31000 and 30880. Once if breaks and sustains below 30880 then will try to check 30600 and 30450
Monday’s low was 30450…….. is today’s strong support zone!!
After 1.30 pm…………… Expecting huge volatile due to weekly expiry
BNF is facing a intraday resistance 31200, 31340 and 31550
More live market update will be sent to my clients only
Updated: 08.39 am / 22nd April 2021
