BankniftyFuture last close: 36150.35 (+0.2%)
On Monday, BankniftyFuture was outperform and ended in green
Except Bank index other all index ended in red
BNF was opened 35750 and fell to 35501 then bounced up to 36295
Icicibank, Axisbank and Hdfcbank helped to lift the index
VIX shot up 15% and ended around 21
PSUbank index also recovered from day’s low
Option premium went higher due to high VIX
Open interest indicated 36500CE and 37000CE added more OI
36000PE added more OI which is indicating range of 36000-37000
However, BankniftyFuture is facing a intraday resistance 36300, 36420 and 36580
If stays above 36600, will try to check 36850
Stay caution at higher levels and 37000 is the major resistance for this April expiry
On other side, BNF can be considered as supports as 36100, 36000 and 35725
Updated: 08.36 am / 26th April 2022
