BankniftyFuture last close: 34763.15 (+3.9%)
BankniftyFuture was surged more than 7% on last week
Especially index gained 4% on last Friday after SBIN declared the earnings report
Icicibank, Hdfcbank, Indusindbank and Axisbank given top contributor
SBIN rose significantly around 4%
BankniftyFuture formed a strong bullish candle on Friday and index closed above the one month high. Bulls dominated on entire day!!
BNF is facing a intraday resistance 34880 and 35000. Once if breaks and managed above 35k
Expecting further rally up to 35200 and 35370
BNF can be considered as supports as 34540, 34400 and 34150
If there is any declines can buy and keep a stop of supports
For option writers…….. If there is any declines can sell PE
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Updated: 08.19 am / 24th May 2021