While updating BankniftyFuture were trading at 35950
BNF opened at 35960 and marked a high of 36253 (flashed) then slipped upto 35750
Banknifty options is too high like 36000 short straddle morning trading at 750. I sent selling alert 36000 short straddle at 750. Now at 660.
All frontline bank stocks trading marginally lower around 0.5% to 1.5%
India VIX index climbed 1.55% at 24.65
Now, BankniftyFuture seems selling pressure around 36100-36200 in morning onwards. Suppose if sustains above 36200 then will try to move 36350+
However NF considering a supports 35850 and 35750………. Thereafter will check next support around 35600
BNF considering a strong support around 35500-35600. Don’t short at very lower levels!!
Updated: 12.31 pm / 10th Feb 2021