BankniftyFuture last close: 37465 (+0.5%)
On Wednesday, BankniftyFture was opened 37400 and gradually went to 37895.50 and sustaind more than 3 hours
After 2 pm, Bears was dominated and slipped up to 37239. Fell almost 500 points from day’s high
Until 2 pm, Icicibank, Sbin, Hdfcbank and Kotak bank did very well
PSUBank also did well on yesterday
Volatility index sustained around 17
As per open interest, CE side added more OI and PE side there is no significant OI
Which means expecting further weakness and if rise can sell
However, BNF is facing a intraday resistance 37550, 37650 and 37800
Above resistance are hurdle for today’s trade!!
Highest OI was seen 38000CE…. So major resistance around 38k
On other side, BNF can be considered as supports as 37350, 37200 and 37000
If sustains below 37000 will try to check 36700
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Updated: 08.36 am / 25th Nov 2021