Bankniftyfuture last close: 32837.95 (-1.2%)
On Wednesday, BankniftyFuture was seen consolidating with negative bias
BNF was opened 33050 and fell to 32800 then spiked to 33099 again slipped 32750
Finally BNF index was declined 1.2% down
Private banks was seen marginally selling pressure
VIX fell more than 5% and settled around 21.40
Option premium falling in last 1 hour
As per open interest 33000CE and 32500PE seems equal OI
Highest OI was seen 33500CE which means up side is limited
However, BankniftyFuture is facing a intraday resistance 32940, 33050 and 33200
Stay caution at higher levels!!
On flip side, BNF can be considered as supports as 32800, 32740 and 32500
Updated: 08.44 am / 23rd June 2022
