BankniftyFuture last close: 34487.10 (-1.9%)
BankniftyFuture was ended almost 2% down on 20 July
In last three sessions, BNF was fell more than 1500 points from 36075 to 34440
Hdfcbank and Icicibank was most contributor to push the bank index
HDFCBank was fell more than 5% after weak earnings report
Icicibank will be declaring the earnings report on 24th July
Volatility index spiked 4% on Tuesday
BankniftyFuture was formed a big bearish candle on last consecutive three sessions
SGXNifty indicate a gap up opening and following by Bank index but will is sustain or not ?
As per Tuesday’s closing Open Interest 35000CE and 34500CE was seen highest OI and PE side 33500PE added more OI (33500PE and 36000CE maybe on hedge OI so not to consider)
However, BankniftyFuture is facing a intraday resistance 34650 and 34800
If sustains above 34800 will try to check 35000
BNF can be considered as supports as 34500, 34440 thereafter 34275
More live market update will be sent to my clients only
Updated: 08.21 am / 22nd July 2021
