BankniftyFuture March last close: 33027.80 (-1%)
April last close: 33310.40 (-0.6%)
What a terrible day on March 25, 2021
Market was given chance to both Bears and Bulls
BankniftyFuture was opened 33408 and as bears dominated and slipped up to 32391 then sustained 32500 almost 30 minutes.
After 1.30, Bulls took control BNF shot up to 33590 from 32550. Almost 1100 points rallied and again slipped from 33590 to 33000
Yesterday BNF was moved almost 2500 points from top to bottom then bottom to top
I recommended two alerts and both rocked up normally
Bought Banknifty 32800PE 130 and went to 350 (high 550 aroud)
Second alert given BN 32800CE at 80 and booked profit at 250 (shot up to 750+)
The Bank Nifty was seen rollover of around 85 percent, which is higher than its averages for the last three series which was indicated shorts rollover!!
In March series Banknifty index was fell almost 3500 points
Let’s see today’s technical
Banknifty April series ended with 300 points premium on March 25
Today BNF is facing a intraday resistance 33480, 33650 and 33900
Stay caution at higher levels!!
Today BNF can be considered as supports as 33300, 33160 and 32900
Don’t short at lower levels
More live market update will be sent to my clients only
Updated: 08.41 am / 26th March 2021