BankniftyFuture last close: 35725.50 (+0.3%)
On Friday, BankniftyFuture was opened 35675 and consolidated 35550-35750 in whole day
Hdfcbank, Icicibank, Axisbank and Sbin sustained
Volatility index ended at 13.30
Option premium was seen very low
At The Money straddle was ended around 580
SGXNifty indicate a around 75 points gap up and BNF also will open around 35900-36000
As per open interest, 35500PE was seen highest OI which is indicating strong support zone around 35500
There is no significant OI in CE side on Friday’s closing
Today BNF is facing a intraday resistance 35830, 35925 and 36050
If stays above 36050 then will move to next resistance zone 36250
BNF can be considered as supports as 35650, 35500 and 35400
If comes lower level can sell PE and buy CE until 35400
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Updated: 08.36 am / 30th Aug 2021
