BankniftyFuture Jan last close: 41641.80 (-2.6%)
Feb last close: 41864.45 (-2.5%)
What a Teriffic Thursday
BankniftyFuture was slipped more than 2%
BNF was opened 42700 and dropped to 41550 fell more than 1000 points in single day
PSUBank index fell more than 2.5%
Private banks was seen heavy selling pressure
Hdfcbank, Icicibank and Axisbank fell more than 2%
SBIN fell around 4%
VIX shot up to 14.60 from 13.60
Option premium went up
BankniftyFuture was formed a big bearish candle on 25 Jan
BNF is facing a intraday resistance 41850, 41970 and 42250
Above resistance are very strong and stay caution at higher levels
On other side, BNF can be considered as supports as 41550 which was last session’s low
If breaks and manages below 41550 then will try to check 41300 and 41000
Updated: 08.26 am / 27th Jan 2023
