#BankniftyFuture Noon Update

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