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