Last close: 40105.05 (+1.1%)
On Thursday, BankniftyFuture was seen highly volatile due to weekly expiry
BNF was opened 39733 and consolidated around 39600-39800 then slipped 39482 thereafter spiked up to 40326
Last one hour BNF was spiked more than 500 points
Very tough day for option writers
40000CE rocked from 5 to 200
39500PE slipped from 300 to 0.5 paise
Kotakbank was contributed more points and lift the bank index
PSU Banks did very well and SBIN managed above 500 level
Icicibank did very well and company will be declaring the earnings report on tomorrow
BankniftyFuture formed a bullish candle on yesterday’s trade
BankniftyFuture managed above 40000 and closed above 40k first time ever
However, BankniftyFuture is facing a intraday resistance 40300 and 40500
If stays above 40500, will try to move 40750+
On other side, BNF can be considering a supports 39900, 39750 and 39500
Don’t short at lower levels until 39400
More live market update will be sent to my clients only
Updated: 08.27 am / 22nd Oct 2021
