Category: Bank Nifty Future Update

BankniftyFuture last close: 35316.05 (+0.1%)

BankniftyFuture was seen range with volatile between 35100 to 35500 on March 8

BNF was opened 35501 and went to 35888 then slipped to 35100 again shot up 35400

Do you know ? Yesterday I did mention in my pre-market report “Banknifty support at 35100”. Yesterday BNF was made a exact low was 35100 then bounced to 250+

Last few times BNF was took support around 34750-34900. So watch these levels

All banking stocks looks weak and did not seen any significant higher levels

VIX index slipped more than 3%

But, option premium still too high in banknifty as well as Nifty also

Like 35500  pair was closed almost 875 points, normally one day before expiry its trading around 600-650

BankniftyFuture was formed a small bearish candle on last two sessions which indicates index seems range with volatility

However, BNF is facing a intraday resistance 35450, 35560 and 35800

Suppose if crossover 35800 and if sustains min 15 minutes then will move 36000+

Stay caution at higher levels. Incase if comes 3rd and 4th resistance call sell above 36500 CE options with stop of 36300

On other side, BNF is considering a supports 35240, 35100 and 34850

Lower level very strong support around 34650-34850. Close watch these levels

More live market update will send to my clients only

Updated: 08.23 am / 09th March 2021

BankniftyFuture last close: 35287.95 (-1.6%)

BankniftyFuture was opened gap down and slipped 1.6% on Friday

However, BNF was took support around 34700-34900 in last two times

On Friday BNF was made a low of 34887 then bounced up to 35300, Now gap up opening

Option premium is too high

Like ATM straddle above 1200 weekly expiry despite of Wednesday expiry

On OI side 34500 PE and 36000CE was seen huge OI on Friday

SBIN broken recent support at 285

SGXNifty indicate a gap up opening and followed by Bank index also will open 300+

Today BankniftyFuture is facing a intraday resistance 35400 and 35540

If stays above 35540, Will try to move 35740 and 35900

BNF considering a supports 35100, 34950 and 34750

Strong support zone around 34600-34750. Don’t short at these levels!!

More live market update will be sent to my clients only

Updated: 08.32 am / 08th March 2021

BankniftyFuture last close: 35879.75 (-1.7%)

BankNiftyFuture was opened gap down and sustained 35800 to 36200 in whole day

Everyday BNF was seen more than 1000 points volatility

PSU banks sustains and Private banks visible profit booking

Option writers having huge trouble due to peak margin and higher VIX

While updating SGXNifty indicate a gap down opening and followed by bank index

In last five sessions BNF range between 34650 to 36600. Almost 2000 points volatility

However, Today BNF considering a supports 35650 and 35500

Below 35500, Finding a next support around 35350 and 35000

Don’t short at very lower levels!!

BNF is facing a intraday resistance 35900, 36150 and 36300

If there is any higher levels can sell

More live market update will be sent to my clients only

Updated: 08.40 am / 05th March 2021

BankniftyFuture last close: 36491.75 (+2.9%)

BankniftyFuture was opened 35750 and gradually went up to 36580 then settled at 36491

In March series last four sessions BankniftyFuture was moved 1000 to 1500 points daily and it is a worst scenario

In last four sessions, BNF was 36100 to 34660 to 36580. Very tough for option writers

While updating SGXNifty indicate a gap down and BNF also will open maybe 300-500 points gap down

Today weekly expiry, but BNF movements seems everyday like a expiry day

Let’s see technical levels

BNF again hurdle around 36500-37000, If comes the level can create shorts or sell CE options

BNF considering a supports 36200, 35950 and 35650 (Yesterday’s low)

As per open interest 36000PE having huge OI and followed by 35500PE

Trade very low quantity and don’t trade aggressively

More live market update will be sent to my clients only

Updated: 08.39 am / 04th March 2021

BankniftyFuture last close: 35454.85

Bankniftyfuture was seen range with volatility around 35000 to 35750 in last two sessions

Yesterday BNF was opened 35460 and went to 35754 then slipped to 34983 again shot up to 35500

All front line bank stocks sustained

PSU banks was seen slightly lower

Option premium still higher. ATM straddle closed around 630

BankniftyFuture was took support around 34950-35000 in last two sessions

(Yesterday noon also I did mention in my blog BNF will take support around 34950-35000. After my post BNF made a low was 34983)

Now, BankniftyFuture is facing a intraday resistance around 35600-35750

Once if breaks and manages above 35750………. Then will try to move 36000 and 36200+

If sustains above 35750……. Can sell below 35000 PE options

On other hand, BNF is considering a supports 35300, 35170 and 34950

If sustains below 34950……….. Then more pain up to 34500

If sustains below 34950……… Can sell 35700 above CE options

More live market update will be sent to my clients only

Updated: 08.36 am / 03rd March 2021

While updating BankniftyFuture were trading at 35250

BNF opened at 35460 and went to 35754.80 then slipped crucial support 35005

Now, BankniftyFuture seems range with volatile

However, BNF considering a support around 34950-35000 which was yesterday’s support

If breaks and manages below 34950…. Then will try to check 34650 (Friday’s low)

On another hand, BNF is facing a intraday resistance 35430, 35580 and 35750

If rise can sell or sell far out of the CE option!!

More live market update will be sent to my clients only

Updated: 11.50 am / 02nd March 2021

Today’s Bankniftyfuture supports, resistance levels and entry, exit will be sent to my clients during market hours

Noon update will post around 12.30 pm…….. be patient!!

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Updated: 08.14 am / 02nd March 2021

Last close: 34870.35 (-4.6%)

BankniftyFuture was tumbled 4.6% on Friday

BNF was opened 36000 then gradually slipped up to 34660  and finally settled at 34870

All front line banks slipped more than 4%

Kotakbank dropped 6% and PSU bank index down 4%

Option premium was closed at higher levels

ATM straddle above 1300, Do you know ? Normally ATM straddle on Friday around 900

SGXNifty indicate a gap up opening and BNF also followed will be opening higher levels

However, BNF was formed a big bearish candle on Friday which indicate a selling signal

Today BNF is facing a intraday resistance 35130 and 35250

If sustains above 35250………. Then will move up to 35550

But, Stay caution at higher levels and create short selling with a stop of 35750

BNF can be considered as supports as 34740, 34650 and 34450

Thereafter will check 34000

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.33 am / 01st March 2021