BankniftyFuture last close: 37182.10 (-2.4%)
On Monday, BankniftyFuture was fell more than 1000 points from previous close
Bears was dominated on entire day
BNF was opened 38200 and then fell gradually up to 36680 and finally ended at 37182
All banking stocks was fell significantly
Axisbank fell more than 20% from all time high
Hdfcbank, Icicibank and Indusindbank fell 10% to 15% from recent high
SBIN fell 8% from recent high
Volatility index spiked 18%
BankniftyFuture formed a big bearish candle on daily scale
As per open interest there is no significant OI on PE sides
38000CE added more OI and followed by 37500CE
However, Today BankniftyFuture is facing a intraday resistance 37330 and 37550
If sustains above 37550 then will try to check 37800
But, Stay caution at higher levels!!
On other side, BNF can be considered as supports as 36900 and 36700
Below 36700…… Will try to check 36500
More live market update will be sent to my clients only
Updated: 08.37 am / 23rd Nov 2021
