BankniftyFuture last close: 39642.75 (-2.6%)
On Friday, BankniftyFuture was slipped more than 2%
BNF was opened 40520 then droppled slowly to 39477
Finally BNF was ended at 39642.75 down 2.6%
All Bank stocks was seen huge selling pressure
Hdfcbank and PSUBanks contributed more points to bank index
VIX shot up and ended above 20 mark
Option premium shot up due to high VIX
Banknifty weekly trend decider 39300 and 41200
BankniftyFuture formed a big bearish candle on the last session
Which was indicated caution at higher levels
However, BankniftyFuture is facing a intraday resistance 39840, 39950 and 40200
If comes 2nd and 3rd resistance stay caution or can create shorts!!
On other side, BNF can be considered as supports as 39450 and 39300
If breaks and manages below 39300 finding a next support around 39000
Updated : 08.17 am / 26th Sept 2022
