BankniftyFuture April last close:36398.65 (+0.9%)
May future last close: 36463.60 (+1%)
On Thursday, Monthly expiry was seen gradual move and ended 1% higher
BNF was opened 36200 then fell to 35935 again bounced up to 36500
Private banks did well and lift the index
Axisbank announced the good earnings report
VIX fell 5% and settled around 19.50
Today Indusindbank will be declaring the earnings report
Banknifty May series ended with a premium of around 40 points
BankniftyFuture is facing a intraday resistance 36600, 36750 and 37000
Major resistance zone around 37000 which was last 10 days resistance
On flip side, BNF can be considered as supports as 36300, 36150 ad 35900
Don’t short at very lower levels!!
Updated: 08.32 am / 29th April 2022
