BankniftyFuture last close: 35321.80 (+0.8%)
New June series BNF was opened 35500 and went to 35670 then slipped 35150
Finally BNF was ended at 35321
On Friday BNF was seen range with volatility
However, Volatility index (VIX) ended below 17.50
Option premium was too low due to low VIX
Kotakbank did well on Friday
SGXNifty indicate a slightly lower opening and followed by bank index also
On Friday BNF was seen some selling pressure at higher levels and not able to sustained opening gain
Hence, BNF was formed small bodied bearish candle which was indicating profit booking
Now, BankniftyFuture is facing a intraday resistance 35440, 35500 and 35650
On other hand, BNF can be considered as supports as 35220, 35120 and 35000
As per OI, BNF finding a strong support zone around 35000
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Updated: 08.37 am / 31st May 2021
