#BankniftyFuture noon update

While updating BankniftyFuture trading at 34850

BNF opened 34810 and marked a low of 34502 then spiked to 34955

SBIN and Axisbank gain more than 1% and Hdfcbank, Icicibank seems marginally higher

As per Open Interest 34500PE and 35000CE seems highest OI

Is huge short added 35k CE ?…… If adds rally will be expected above 35000 this expiry

However, BNF now facing a resistance 34975 and 35100

Thereafter will try to move 35300

Supports 34730 and 34500. If there is any declines can buy stop of yesterday’s low 34430

More live market update will be sent to my clients only

Updated: 12.13 pm / 26th May 2021