BankniftyFuture last close: 34817.85
BankniftyFuture was seen range with volatility on 27th July 2021
BNF was opened 35040 and went to 35188 then fell and made a low of 34710
Axisbank fell more than 2.5% and Icicibank sustained
PSU Banks did well and SBIN gained marginally
Volatility index was up 7%
Indusindbank declared mixed earnings report post market
BankniftyFuture was formed a bearish candle and index struggled around 35100-35200 in past few sessions
Some interesting in open interest data (See above chart)
PE side, 34500, 34000, 33500 all PE was seen equal open interest and opposite CE side 35000ce, 35500ce and 35200ce was seen highest open interest
Which means, Traders dominated CE and no one interest to add PE
Today BNF is facing a intraday resistance 34900, 34980 and 35100
Strong hurdle around 35100……….. Thereafter will try to move 35220
BNF can be considered as supports as 34710, 34630 and 34450
Below 34450……….. expecting more weakness!!
Updated: 08.43 am / 28th July 2021
