#BankniftyFuture noon update

BankniftyFuture opened 400 points gap up at 33950 and went to 34244 again slipped and marked a low of 33801

While updating Bankniftyfuture trading at 34060

Seems range with volatile of 200-300 points up and down

VIX down 2.75% and option premium seems very low

Better to avoid short straddle because ATM straddle premium is very low

See 34000 pair (CE and PE) net trading around 630

Hdfcbank up 2.7%, Icicibank, Axisbank and Kotakbank rallies 0.75% to 2%

BankniftyFuture now considering a supports 33940 (2 hrs support) and 33800

Below 33800 then will try to next support 33550-33600

If there is any declines can buy!!

BNF is facing a intraday resistance 34175 and 34250

Thereafter will check 34500

Updated: 12.27 pm / 18th May 2021