BankniftyFuture last close: 29010.40
What a volatility on yesterday’s trade
BankniftyFuture was opened at 29430 and went to 29641 then slipped and made a low of 28802 again shot up to 29400 and last 1 hour again slipped to 29000
Do you know ? Yesterday Bankniftyfuture swing was almost 2000 points up and down
That’s why option premium did not fall
Axisbank fell 2%, Icicibank dropped 2.50% and SBIN down 1.70%
Indusindbank gained 4.75% and Kotakbank gained almost 0.5%
BankniftyFuture volatility will be continued due to November series expiry week
Index was struggled 29500 to 29800 in last 4 sessions while bounced-back around 28500-28800
However, Key points of index 29800 and 28500 for today & coming days
Today BankniftyFuture is facing a intraday resistance 29170, 29280 and 29500
If crossover 29500…….. Will try to check 29800
Today BNF can be considered as supports as 28800 and 28500
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.34 am / 24th Nov 2020
