Bankniftyfuture last close: 34242.70 (+2.9%)
On Friday, BankniftyFuture was gained almost 3% and recovered previous day’s loss
BNF was opened gap up at 33620 and went to 34342. Finally ended at 34242.70
All bank stocks shot up to 1% to 4%
Private banks did very well
PSUBank index gained around 2%
VIX sustained around 22-23
This week BankniftyFuture Trend Decider 33000 and 34800
On Friday, BNF was formed a big bullish candle which was indicated bull run
However, BankniftyFuture is facing a intraday resistance 34350, 34500 and 34650
Once if breaks and manages above 34650 then will try to check 34800
Strong resistance zone around 34800….. Take care
Other side, BNF can be considered as supports as 34175, 34000 and 33800
Below 33800……. will try to check 33500
Updated: 08.28 am / 23rd May 2022
