BankniftyFuture last close: 42478.75 (+0.3%)
On Tuesday,BankniftyFuture was seen range with positive bias
BNF was opened 42450 and trade between 42400 to 42500 in the whole day
PSUBank index climbed around 1.5%
Private banks was seen marginally selling pressure
VIX ended below 14
Option premium was seen very low due to low VIX
As per open interest 42500CE and PE was seen highest OI
However, BNF is facing a intraday resistance 42530, 42575 and 42650
If stays above 42650 will try to move 42750
On flip side, BNF can be considered as supports as 42450, 42400 and 42330
Don’t short at very lower levels
Updated: 08.24 am / 23rd Nov 2022
