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
