BankniftyFuture last close: 37656.90 (+0.2%)
BankniftyFuture was seen highly volatile on Monday
BNF was opened at 37430 and went to 38059 then fell to 37600
The finally tally was Bank index ended marginal gains 0.2%
Private banks looks good on yesterday
Volatility index spiked 6% and ended at 23
Option premium was seen too high due to volatility
BankniftyFuture is facing a intraday resistance 37800, 37920 and 38100
Very strong resistance zone around 38100. Closely watch it!!
Stay caution at higher levels!!
On flip side, BNF can be considered as supports as 37520, 37400 and 37200
Below 37200 will try to check 36950 and 36700
More live market update will be sent to my clients only
Updated: 06.25 am / 22nd Feb 2022
