BankniftyFuture last close: 35880
On Monday, BankniftyFuture was opened around 350 points gap up at 36000
But, Unable to sustained opening gain and was seen consolidating with negative bias
Private banks was seen profit booking
PSU bank indices shot up almost 3%
VIX ended below 20
Option premium didn’t fall on yesterday
ATM straddle was opened 750 and ended around 700
As per open interest, 36000CE was added more OI on yesterday’s trade
On PE side, There is no siginificant OI
However, BankniftyFuture is facing a intraday resistance 35950 and 36100
Above resistance are hurdle for today’s trade!!
Suppose, if breaks and manages above 36100 will try to move 36250
On other side, BNF can be considered as supports as 35800, 35650 and 35500
Below 35500, expecting more pain up to 35200
Updated: 08.26 am / 31st May 2022
