BankniftyFuture last close: 32228.80 (-1.1%)
BankniftyFuture was unexpected falling in last one hour on 21 Jan
BNF was sustained around 32750-32800 until 2 pm……… After 2 pm BNF was melted up to 32000 then shot up to 32250
However, BNF if comes crucial resistance around 32800-32900 bears ready to dominate
Option premium was increased in last 1 hour
Option short sellers having huge trouble because 32500PE spiked from 10 to 480
Today BankniftyFuture is facing a resistance 32320, 32400 and 32540
Above 2nd and 3rd resistance are major hurdle………..Stay caution at higher level until 32900. Avoid fresh buying above resistance zone
Today BNF considering a supports 32165 and 32000 (yesterday’s low)
Below 32000 and manages below the level……… Will check next support around 31750
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.41 am / 22nd Jan 2021
