BankniftyFuture last close: 34998.10
On yesterday, BankniftyFuture was seen violent move in first 30 minutes and last 45 minutes
In first 30 mins, BNF was opened 34900 and went to 35150 then dropped to 34550 then sustained 34900-35000
In last 45 mins, BNF moved from 34900 to 35350 then slipped to 34900
Huge trouble for option seller as well as option buyer
SBIN gained 2.5% but slipped almost 2% from intraday high
Private banks was seen marginally higher
Option premium looking very low due to low VIX
SGXNifty indicate a gap up opening and followed by bank index
However, BankniftyFuture formed a small bodied bullish candle on daily scale
BNF is facing a intraday resistance 35175 and 35350……. If stays above 35350
Then will try to move 35550
BNF can be considering a intraday support 34850, 34720 and 34500
If there is any declines can buy or sell below 34000PE options
More live market update will be sent to my clients only
Updated: 08.22 am / 25th May 2021
