#BankniftyFuture noon update and Open Interest Analysis!!

While updating BankniftyFuture were trading @ 35780

BNF trading around 100 points premium

BNF opened at 35600 and marked a low of 35470 then shooting up 15823

Icicibank, Hdfcbank, Axisbank and Indusindbank seems marginal highs below 1%

As per open interest, 35500PE and followed by 35000PE seems highest OI

CE side, 36000CE seems highest OI

Overall total OI seems more than 2.5 crore OI in PE and CE around 2 crore OI

Which is indicating BNF showing strength above 35500

Now, BNF is facing a intraday stiff resistance 35850, 35925 and 36000

Above 36k……….. Expecting more and more short covering!!

Supports 35630, 35500 and 35350

More live market update will be sent to my clients only

Updated: 12.07 pm / 07th July 2021