BankniftyFuture last close: 36093.85 (-2.3%)
On Friday, BankniftyFuture was seen huge selling pressure and index declined 2.3%
BNF was opened 36650 and fell to 36030. Finally ended at 36093
All bank stocks was seen profit booking
Icicibank was declared inline with expectation result
Axisbank and Hdfcbank fell 1% to 2.5%
VIX spiked 5% to 18.50
PSUBank index was fell 2.5% on last week
The sentiment seems very weak so Bank index will open gap down
But, all eyes focus on Icicibank that is because the company was declared marginally higher result
However, BankniftyFuture this week trend decider 35950 and 37000
Today BankniftyFuture can be considered as supports as 35950 and 35700
Below 35700 will try to check 35350-35450
On flip side, BNF is facing a intraday resistance 36150, 36300 and 36500
Stay caution at higher levels!!
Updated: 08.19 am / 25th April 2022
