01st June 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 35602.90 (+0.8%)

On Monday, BankniftyFuture was opened as usual positive note at 35280 but first 30 minutes BNF was slipped up to 35063 then bounced-back to 35650

Still almost 2000 points away from life time high

Volatility index below 16.50 and option premium seen very low

Private banks Hdfcbank, Axisbank, Icicibank and Kotakbank did well

SBIN was seen marginally higher

SGXNifty indicate a positive opening for the index and bank index also followed positive opening like 100-200 points

As per OI side, Huge open interest was seen CE side like 35500CE and 36000CE

PE side highest OI was seen 35000PE

However, BNF is facing a intraday resistance 35700, 35780 and 35950

Down side supports 35500, 35420 and 35275

Don’t short at very lower levels!!

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Updated: 08.21 am / 01st June 2021