01st April 2021 #BankniftyFuture Intraday Levels and Pre-market Report

BankniftyFuture last close: 33478.45 (-1.7%)

BankniftyFuture was opened at 33940 and dropped gradually up to 33266 again bounced back to 33478

Day before yesterday BNF was gained 1.4% and yesterday dropped more than previous day’s gain

Day before yesterday HDFCBANK was shot up more than 4% and yesterday stock was erased previous day’s gain

PSU banks did well on yesterday like SBIN, Canbank, BOB and PNB

ATM straddle was closed above 540. Its slightly higher

BankniftyFuture was trading range between 33300 to 34200 in last three sessions

Today BNF is facing a intraday resistance 33600, 33665 and 33850

If crossover and manages above 33850, will try to move 34050-34200

Today BNF can be considered as supports as 33475 and 33250

Below 33250……… More pain up to 33000

Don’t short at very lower levels!! and avoid overnight positions due to long weekend

More live market update will be sent to my clients only

Updated: 08.53 am / 01st April 2021

Please follow and like us: