BankniftyFuture last close: 24109.15 (-1.7%)
BankniftyFuture was opened at 24519 and made a high of 24550 then slide up to 23850. Finally closed at 24109
Oct series expiry week has started with huge volatile
Option premium did not fall hence the huge problem for option short straddle and strangles
Kotakbank reported good earnings report. That’s why index climbed 200 pts in last hour
Icicibank, Axisbank and Hdfcbank was seen selling pressure
SGXNifty indicate a positive opening for the index and bank index also will open flat
Today BankniftyFuture is facing a intraday resistance at 24240, 24320 and 24500
Above 2nd and 3rd resistance are hurdle for today’s trade
Oct series low was 20430 and high was 24880. Bank index climbed 4500 points hence this expiry expecting more volatile……. So stay caution
Today BankniftyFuture considering a supports 23980, 23900 and 23750
BNF finding a strong support around 23750……. Below the level expecting more pain
More live market update will be sent to my clients only
Updated: 08.21 am / 27th Oct 2020
