#BankniftyFuture Noon Update

While updating BankniftyFuture were trading @ 33150 gains more than 450 points

BNF opened at 32875 and gradually moving up to 33180

Hdfcbank, Icicibank gains over 1% and Kotakbank, Indusindbank gains more than 2.5%

Axisbank falling marginally lower

VIX down 2% at 22.57. Option premium slowly melting

Still PE premium seems high compared to CE premium

Banknifty 32500PE (700 points away) currently trading at 100 but 33500CE 120 (just 300 points away)

BNF forming a bullish candle on yesterday and today. Forming higher highs and higher lows in last 5 consecutive day

BankniftyFuture looking very hot above 33000 and rally will be continued 33270 and 33500+

BNF is facing a strong resistance at 33500 which was indicating last 15 days high.

BNF considering a support 33000, 32870 and 32700

If there is any declines can buy!!

Updated : 12.27 pm / 28th April 2021