BankniftyFuture last close: 35053.50 (+0.9%)
June Future last close: 35308.65
As expected BankniftyFuture was ended around 35000 because of huge OI
On yesterday, BNF was opened 34605 and made a low of 34522 then shot up to 35000 again fell to 34700 in last 45 minutes went to 35100
BNF was seen range with volatility on yesterday
SBIN given more support to lift the bank index
Icicibank, Axisbank and Kotakbank given marginal gains
BankniftyFuture June series ended with premium of almost 200 points at 35308
Banknifty still 2300 points away from All Time High.
However, BNF formed a bullish candle on daily scale which is indicated bulls continue to dominate at lower levels
BNF is facing a intraday resistance 35380 and 35550 thereafter will try to move 35780
BNF can be considered as supports as 35300, 35170 and 35000
If there is any declines can buy!!
More live market update will be sent to my clients only
Updated: 08.38 am / 28th May 2021
