BankniftyFuture April last close: 33729.60
May last close: 33807.25
BankniftyFuture was closed with a premium of around 90 points in May series
On 29th April, BankniftyFuture was opened 33902 and went to 34298 in first 15 minutes then bears came with full power and index dropped up to 33271. Finally settled at 33729
Huge volatile was seen ahead of April series expiry
Hdfcbank, Axisbank, Icicibank and Kotakbank was seen selling pressure
Today focus on Indusindbank and company will declare earnings report
SGXNifty indicate a gap down opening for the index and followed by bank index
However, BankniftyFuture was formed a doji kind of pattern on daily scale which was indicating sell on rise formation. But, Formed higher highs and higher lows.
BNF can be considered as supports as 33650, 33500 and 33380
If stays below 33380……….. Finding a next support around 33000
BNF is facing a intraday resistance 33810, 33930 and 34200
If there is any rise can sell with stop of yesterday’s high for positional trade!!
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Updated: 08.43 am / 30th April 2021