02nd May 2022 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 36144.25 (-0.7%)

On Friday, BankniftyFuture was opened 36675 and went to 36770 then slipped up to 36040
Finaly tally was index ended 0.7% down
Axisbank was seen huge selling pressure after the inline with expectation earnings report
Psubank fell marginally
VIX sustained around 19
Option premium sustained on Friday’s trade

BankniftyFuture Weekly Trend Decider 35900 and 37000
Today BankniftyFuture will be opened gap down and followed SGXNifty
However, BankniftyFuture can be considered as supports as 36000-35900
Once if breaks and manages below 35900 will try to check 35720 and 35500
Thereafter will check 35150

BNF is facing a intraday resistance 36150, 36350 and 36550
Stay caution at higher levels!!

Updated: 08.27 am / 02nd May 2022