BankniftyFuture last close: 38776.05 (+1.2%)
On Tuesday, BankniftyFuture was seen highly volatile
BNF was opened 38100 and made a low of 38000 then shot up to 38600
Again dropped to 38200 then once again shot up to 38900
Finally Bank index ended 1.2% higher
Icicibank and Indusindbank did well
PSU Banks also seen marginal gains
Option premium slowly melting
VIX sustained around 19
As per open interest 39000CE added more OI as well as 38500PE added more OI
However, BankniftyFuture is facing a intraday resistance 38940 and 39050
If breaks and manages above 39050 finding a next resistance 39270
On other side, BNF can be considered as supports as 38700, 38600 and 38470
Below 38470 will try to check 38300
Updated: 08.43 am / 24th Aug 2022
