BankniftyFuture last close: 36478.85 (+2.1%)
BankniftyFuture was rallied more than 700 points on Aug 30
BNF opened 35825 and went to 36532. Finally ended at 36478.85
BNF broken recent resistance 36300 and closed above the level
Hdfcbank, Icicibank, Axisbank and Sbin did very well to lift the bank index
Option premium was rose in last 30 minutes due to expect high volatile
Private bank stocks came almost 3-6 months highs
Do you know ? On 16th Feb 2021, BNF was made a all time high at 37770 when Nifty was at 15330
Now, Nifty was climbed more than 1500 points but still Banknifty 1300 points away from all time
Suppose Banknifty if will touch all time high 37700, Nifty likely to test 17300-17500.
BankniftyFuture formed a strong bullish candle on yesterday and closed above recent peak
Open interest was seen 1000 points wide range like highest OI seen 37000CE and 36000PE
Today BankniftyFuture is facing a intraday resistance 36570-36600 which was indicating Six month high
If breaks and sustains above 36600, will try to move 36730, 36880 and 37000
On other side, BNF considering a supports 36330, 36200 and 36000
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Updated: 08.25 am / 31st Aug 2021
