BankniftyFuture last close: 35091.75 (+0.6%)
On yesterday, BankniftyFuture was seen highly volatile
BNF was opened 34550 then fell to 34265 and bounced back up to 35200
Do you know ? BNF was touched almost recent low then bounced more than 1000 points
Intraday volatility was seen almost 1500 points
Psubanks and Private banks did well
Icicibank and Kotakbank did very well
If Hdfcbank will contribute Bank index will move further rally
RBLBank fell more than 15%
Volatility index spiked 5% and settled around 17
BankniftyFuture formed a bullish candle on yesterday
On Open Interest side, Highest OI added on PE side which was indicated buy on declines
However, BNF is facing a intraday resistance 35200 and 35350
Once if breaks and holds above 35350 then will try to check 35550
Thereafter bulls will be dominated!!
On other side, BNF can be considered as supports as 35000, 34850 and 34650
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.21 am / 28th Dec 2021
