BankniftyFuture last close: 43275.15
On Monday, BankniftyFuture was seen range with volatile
BNF was opened 43050 (flashed) then went to 43400 finally ended 43275
PSUBanks was seen maginally selling pressure
Icicibank and Axisbank did well to life the bank index
SBIN seen selling pressure
VIX ends around 13.50
Option premium was seen too low due to low VIX
As per open interest, 43000CE and PE seen almost equal high open interest
However, BNF is facing a intraday resistance 43370 and 43500
If breaks and holds above 43500 then will move to 43700
On other hand, BNF can be considered as supports as 43170 and 43050
Below 43050 finding a next support around 42900
Updated: 08.29 am / 29th Nov 2022
