BankniftyFuture last close : 33358.30 (-2.6%)
BankniftyFuture was seen huge selling pressure on March 24 and bears took control on entire day
BankniftyFuture was opened at 33888 and made a high 34016 and dropped up to 33255
All front line bank stocks declined more than 8% in the month of March
Yesterday I have recommended Banknifty 33300PE at 200 and went to 350
Option premium did not eroding on yesterday due VIX climbed 8%
BNF formed a bearish candle on a daily scale which was indicating bears have an upper hand and being sell on rise
In March series was opened 36000 and went to 36580 on 03 March then made a month low of 33255 on yesterday.
Today BNF is facing a intraday resistance at 33550, 33750 and 34000
If there is any rise can sell
Today BNF considering a support 33250, 33100 and 32900
Below 32900………… Expecting more pain
More live market update will be sent to my clients only
Updated: 08.46 am / 25th March 2021
