BankniftyFuture Oct last close: 24080.95
Nov last close: 24090.80
What a terrific Thursday…….. BankniftyFuture was fell just 120 points only but the volatility was very huge
Like index was opened at 24000 then slide 23870 again went up to 24340 then dropped 23791………. Again went to 24100………..Ooops!
I think…… the main reason of the volatility based on option open interest
Axisbank fell 2.2%, Hdfcbank slipped 1.85% and Indusindbank fell 0.8%
Icicibank and Kotakbank was top gainer in bank index
On Oct series BankniftyFuture was made a low of 20431 on the first day of Oct series and made a high of 24880 on 21st Oct. Almost index gained 4400 points bottom to top.
In November series……….. What will happen ? One big event is “US President Election”
Let’s see today’s technical level
BankniftyFuture is facing a intraday resistance at 24230 and 24375
If crossover and manages above 24375…….. Then will move 24550
But………… Stay caution at higher levels. There is no strength at higher levels in last 10 days
Today BNF considering a supports 23950 and 23800
Below 23800………… Expecting more weakness!!
More live market update will be sent to my clients only
Updated: 06.52 am / 30th Oct 2020
