Banknifty Dec last close: 35039.35
Jan last close: 35221.35
On yesterday, BankniftyFuture was seen range with volatility
BNF was opened 34950 then fell to 34743 and bounced back to 35164
Open interest data was indicated 35000CE and PE seen equal OI and index closed nearly 35000
SBIN was seen selling pressure
Private banks was sustained
Overall, Bank index was gained around 10% in 2021
PSU Banks was gained 43% while private banks index rose 3%
SBIN was rallied from 275 to 540 in 2021
BankniftyFuture is facing a intraday resistance 35350, 35500 and 35700
Above 2nd and 3rd resistance are very strong zone
If breaks and holds above 35700, expecting further bulls action
On flip side, BNF can be considered as supports as 35200, 35000 and 34750
Below 34750….. expecting more pain up to 34400
More live market update will be sent to my clients only
Updated: 08.30 am / 31st Dec 2021
