03rd June 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

Bankniftyfuture last close: 35524.25 (+0.2%)

BankniftyFuture was consolidated almost 3 hours around 35300

In last 45 minutes, BNF was climbed more than 250 points to 35560

Yesterday I did mention BNF support at 35150 and index did not break given support

Volatility index around 17

Option premium was seen too low

PSU banks did well and especially SBIN did very well

BankniftyFuture will be opened 150-200 points gap up likes 35650-35700

However, In past 4 sessions BNF was struggled around 35700-35800

As per OI 35500CE was seen huge OI and followed by 36000CE. Hence 35500CE writing is very dangerous as well as buying is good

On PE side 35000PE was seen huge OI and short sellers sell 35000PE maybe this PE going to worthless!!

Let’s see today’s trend………. BNF is facing a intraday resistance 35600, 35700 and 35830

Above 35830……….. Will try to move 36000-36150

BNF can be considered as supports as 35420, 35300 and 35150

Every declined is being buying opportunity!!

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Updated: 08.39 am / 03rd June 2021