BankniftyFuture last close: 35958.95 (+0.3%)
On Tuesday, BankniftyFuture was seen range with volatility around 400 points
BNF was opened high at 36070 then fell to 35543 again bounced to day’s high
Private bank stocks did very well
Hdfcbank spiked more than 25 points in last 30 minutes
Icicibank seen marginal higher
Psu bank did not well and declines almost 0.75%
Volatility index fell 5% and settled around 21.50
Option premium melting due to VIX falling
As per open interest, highest OI was added 36000CE and 35500PE added more OI
Today, BankniftyFuture is facing a intraday resistance 36100-36200
If sustains above 36200 will try to move 36450-36600
On flip side, BNF can be considered as supports as 35800 and 35650
Below 35650 then will try to check 35400
Updated: 08.34 am / 30th March 2022
