Last close: 35040.90 (+0.9%)
On Friday, BankniftyFuture was opened 34800 and made a low of 34400 then spiked up to 35130. Finally settled at 35040
On last week BNF was took support around 34400 to 34500 then bounced to 35k
Hdfcbank was underperform on last week
Icicibank, Axisbank and PSU banks was lift the bank index on Friday
Today Kotakbank and Axisbank going to declare earnings report
Icicibank reported mixed earnings report and marginally increased NPA
SGXNifty indicate a gap down opening and bank index also will open 200-300 points down
On Friday, Highest open interest was seen 35000CE and 35500CE
PE side equal OI was seen 35000pe, 34500pe. As per OI range between 34500-35100.
Let’s see technical levels!!
BankniftyFuture is facing a intraday resistance 35120, 35200 and 35350
Stay caution at higher levels.
BNF can be considered as supports as 34900, 34800 and 34650
Below 34650, will try to check 34400
More live market update will be sent to my clients only
Updated: 08.28 am / 26th July 2021