BankniftyFuture last close: 40661.75 (-2.4%)
What a FRYDAY… Banknifty index fell more than 2%
BankniftyFuture was opened 41740 then fell to 40420 and ended at 40661
BNF was slipped more than 1250 points on last Friday
In the last two sessions BNF was dropped more than 2500 points
All bank stock fell significantly
PSUBank index fell 9% in the weekly basis
VIX shot up to 17.50 from 14.60
Option premium shot up due to Budget event
BankniftyFuture weekly trend decider 40000 and 41800
Today BankniftyFuture is facing a intraday resistance 40920 and 41050
If breaks and manages above 41050 will try to move 41370
On other side, BNF can be considered as supports as 40550 and 40400
Below 40400 finding a next supports 40240 and 40000
Updated: 08.21 am / 30th Jan 2023
