BankniftyFuture last close: 42762.25 (-0.2%)
On Tuesday, BankniftyFuture was seen selling pressure from opening high
BNF was opened 43000 and went to 43072 then slipped to 42653
Finally BNF was ended 42762.25 down 0.2%
Hdfcbank did very well and sustained 1.5% gain
Icicibank, Axisbank, Kotakbank fell 1% to 2.5%
VIX dropped to 13.40
Option premium was very low due to low VIX
As per open interest, CE side adding more OI like 42800 to 43000
PE side there is no significant OI
However, BNF is facing a intraday resistance 42800 and 42880
If stays above 42880 then will try to check 43000
Stay caution at higher levels!!
On flip side, BNF can be considered as supports as 42700, 42640 and 42500
Below 42500 finding a next support around 42300
Updated: 08.36 am / 25th Jan 2023
