BankniftyFuture last close: 39002.35 (-1.8%)
On Friday, BankniftyFuture was dropped more than 1.5%
BNF was opened 39760 and went to 39794 then fell vertically to 38862
BNF was formed a big bearish candle on last session
All banks was seen selling pressure
Private banks seen heavy selling pressure on last Friday
VIX shot up to 5% to 18
Option premium shot up due to market falling
This week BankniftyFuture Trend decider 38700 and 39800
BankniftyFuture was formed a big bearish candle on last session
Which was indicated stay caution at higher levels!!
Today BNF is facing a intraday resistance 39175, 39250 and 39500
If stays above 39500 then will move to 39800
But, Stay caution at higher levels… If rise can sell
On other hand, BNF can be considered as supports as 38830 and 38700
Below 38700 will try to check 38450
Updated: 08.36 am / 22nd Aug 2022
