BankniftyFuture last close: 24699.95 (+1.4%)
What a volatility……… Ooops!! Huge troubled for option writers on yesterday
Did you know ? on last week same Wednesday BankniftyFuture was climbed 23200 to 2400
On last Thursday, BankniftyFuture was seen huge sell-off from 24100 to 23000
On yesterday, BankniftyFut was fell from 24880 to 24100 but in last one and half hrs recovered almost 600 points and finally closed at 24700
Huge volatility was seen every Wednesday
Hdfcbank, Kotakbank, and Icicibank was helped to lift the index
Expecting another volatile session ahead of weekly expiry day
Today BankniftyFuture is facing a intraday resistance at 24880 and 25050
If crossover 25050 with volumes, Then will finding a next resistance at 25270 which was placed Aug month swing high
Time for cautions………… Around 25000-25300.
Today BNF can be considering a support at 24600, 24480 and 24250
Below 24250…………. Finding a next support around 24000-24100
Don’t short at 3rd and 4th supports
More live market update will be sent to my clients only
Updated: 08.10 am / 22nd Oct 2020
