BankniftyFuture last close: 36468.70 (+3.8%)
What a rally in last 45 minutes in Banknifty on 24th Feb
BankniftyFuture was sustained up to 11.40 when trading halt after opened 3.45 pm then only sustained within 15 minutes, At 4.07 Finance Ministry released the major benefit news for private banks
Then Banknifty rocked from 35500 to 36550. Almost 1100 points climbed in last 45 minutes!!
Hdfcbank, Icicibank, Kotakbank and Axisbank added more than 5% gain
Option premium went up
Another volatile session due to Feb month expiry
In Feb month BNF was opened at 30300 then went to 37770 again slipped 35000 and now @ 36500. Almost 10000 points movement in Feb series.
Today BankniftyFuture is facing a intraday resistance 36750, 36900 and 37200
There after will try to check 37500…….. Anything will happen today. So be caution!!
On other side, BNF considering a supports 36300, 36150 and 35950
Thereafter finding a support at 35600.
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.36 am / 25th Feb 2021
