BankniftyFuture Feb last close: 36555
March last close: 36719.70
BankniftyFuture March series closed with a premium of 170 points
On 25th Feb, BNF was opened gap up and went to 37243 then was seen profit booking and slipped to 36482. Finally closed at 36555
BankniftyFut was seen huge volatility despite of VIX falling
Icicibank, Hdfcbank and Kotakbank visible selling pressure
Weekly expiry ATM straddle price was closed around 1150, Maybe will spike today
SGXNifty indicating huge gap down more than 250 points and BNF also followed 300-500 points gap down
However, Let’s see technical levels
BankniftyFuture March series ended with 170 points premium at 36720
Now, BNF is considering a supports 36320, 36100 and 35900
Other side, BNF is facing a intraday resistance 36500, 36720 and 36900 (chances are remote only)
Suppose if there is any bounce likes 36500 to 36800 can sell freshly!!
More live market update will sent to my clients only
Updated: 08.25 am / 26th Feb 2021
