BankniftyFuture last close: 33273.05 (-1.2%)
On Wednesday, BankniftyFuture was seen very strong consolidation
BNF was opened gap down at 33370 then sustained around 33250-33400
Finally the index was down 1.2%
VIX shot up 2% at 22
Option premium didn’t fall on yesterday
Hdfcbank did very well and managed bank index
Icicibank seen selling pressure
As per open interest data, 33500CE and 33000PE added more OI
BankniftyFuture is facing a intraday resistance 33330, 33400 and 33550
If sustains above 33550 will try to move 33800
Stay caution at higher levels!!
On flip side, BNF can be considered as supports as 33200, 33130 and 33000
Below 33000 will try to check 32700
Updated: 08.30 am / 30th June 2022
