BankniftyFuutre last close: 39075.40 (+0.8%)
On Wednesday, BankniftyFuture was seen range with positive bias
BNF was opened 38650 and went to 39000 again slipped to 38650
In last 1 hour index shot up to 39150. Finally ended at 0.8% higher
Icicibank did very well
PSUBank index rose around 1% higher
VIX sustained around 19
BankniftyFuture was formed a bullish candle on consecutive 2nd day
As per open interest 39000CE seen high OI followed by 39500CE
Maybe 39000CE writers facing a trouble in opening bell
However, BNF is facing a intraday resistance 39150, 39220 and 39400
If breaks and manages above 39400 finding a next resistance around 39550
On flip side, BNF can be considered as supports as 39000, 38900 and 38760
Below 38760 will try to check 38650 and 38500
Updated: 08.38 am / 25th Aug 2022
