BankniftyFuture last close: 42835.85
On Wednesday, BankniftyFuture was seen range with volatile
BNF was opened 42750 and went to 43034 then slipped to 42750
Private banks was seen selling pressure
Icicibank and Axisbank not well
Sbin did well in first half and seen selling pressure in second half
VIX sustained around 15.30
Option premium little higher due to monthly expiry day
As per open interest, 43000CE was seen huge open interest
PE side, 42500PE seen high open interest
However, BNF is facing a intraday resistance 42900, 42950 and 43050
Above levels are very crucial and stay caution at higher levels!!
On other hand, BNF can be considered as supports as 42770, 42700 and 42500
Below 42500….. Expecting more pain
Updated: 08.28 am / 29th Dec 2022
