01st Sept 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 39707.60 (+3.3%)

On Tuesday, BankniftyFuture was climbed more than 3%
BNF was opened 38600 and went up to 39786. Finally ended 39707
Did you know ? BNF was climbed more than 1200 points from day’s low
All bank stocks rose 1% to 4%
Private banks did very well
Icicibank gained more than 3.5%
Hdfcbank rose 2.5%
VIX sustained around 19

SGXNifty indicates a gap down opening for the index
Bank index also following SGXNifty and will open gap down

As per open interest 39000PE and 40000CE was added more OI
Which is indicating a 1000 points volatility will be expecting on today
However, BNF can be considered as supports as 39500, 39380 and 39000-39100
If breaks abelow 39000 expecting next support around 38750

On other side, BNF is facing a intraday resistance 39650 and 39800
Above 39800 will try to check 40050

Updated: 08.17 am / 01st Sept 2022