While updating BankniftyFuture were trading @ 37325
BNF opened at 37050 and marked a low of 36820 (Yesterday low 36832) and went up to 37395
BNF bounced from around yesterday’s low and shot up to almost 600 points
PSU Banks doing well & especially SBIN gains 3%
Axisbank and ICICIBank marginally higher while Hdfcbank and Kotakbank marginally lower
VIX index falls 2%
Now, Bankniftyfuture is facing a intraday resistance 37400-37525.
Suppose if sustains above 37525……… Then will try to move 37770
NF considering a supports 37200 (1 hr support) and 37000
Below 37000………. finding a next support today’s low 36820
Don’t short at very lower levels!!
Updated: 12.03 pm / 17th Feb 2021