BankniftyFuture July last close: 34691.40 (+0.4%)
Aug last close : 34832
On Thursday, BankniftyFuture was seen highly volatile with range
BNF was opened at 34675 and made a low of 34777 again bounced back to opening level
SBIN and ICICIBANK did very well and supported to lift the bank index
Hdfcbank, Axisbank and Kotakbank fell 1-2%
Volatility index was down 5% but volatility more
SBI will be declaring earnings report on Aug 4 (Wednesday)
SGXNifty indicated negative opening for the day and BNF also followed by negative opening
However, BNF is facing a intraday resistance 34900, 35000 and 35200
Yesterday Icicibank and Sbin was supported to bank index so gained marginally
If frontline bank stocks is support to Bank index will move above 35200
Otherwise, BNF finding a support at 34720, 34600 and 34400
The major support around 34000-34200 (For August series)
More live market update will be sent to my clients only
Updated: 08.32 am / 30th July 2021
