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
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Updated: 12.13 pm / 26th May 2021