BankniftyFuture last close: 35254.55 (-1.7%)
BankniftyFuture was fell almost 2500 points in last 5 sessions that means everyday fell 500 points
Yesterday BNF was opened at 35622 then went to surprised 36116 which was helped HDFCBank again slipped up to 35075. Finally closed at 35254
BNF intraday movement was almost 1500 points
All bank stocks looks huge profit booking except Hdfcbank
HDFCBank already corrected in previous days so yesterday stock sustained
Axisbank and Icicibank was seen huge selling pressure
India volatility index rose more than 15% and settled above 25 which is indicating highly volatile will there in coming days
However, BankniftyFuture is facing a intraday resistance 35440, 35550 and 35800
If sustains above 35800………. Will try to move 36100. Suppose if comes 3rd and 4th resistance can buy PE and sell CE (above 36500CE)
BNF can be considered as supports as 35150, 35075 and 34900
Below 34900……….. more paint up to 34600
Don’t short at very lower levels!!
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Updated: 08.34 am / 23rd Feb 2021
