03rd March 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 35463.40 (-2.2%)

On Wednesday, BankniftyFuture was declined more than 800 points
BNF was opened gap down at 35550 then fell to 34935 then bounced up to 35465
In last 45 minutes BNF was rallied almost 500 points
At one point of time BNF fell almost 1350 points
Hdfcbank and Icicibank fell more than 3.5%
PSUBank index fell 1%
ATM straddle was ended around 750 points. Its too high premium
Volatility index sustained around 29.50

BankniftyFuture formed bearish candle on Wednesday’s trade
On Open Interest side, 36000CE added more OI and there is no significant OI on PE side

However, BankniftyFuture is facing a intraday resistance 35575, 35700 and 35900
Stay caution at higher levels…As per OI stiff resistance at 36000

On flip side, BNF can be considered as supports as 35330, 35200 and 35000-34900
Below 34900…… Expecting more pain

Updated: 08.30 am / 03rd March 2022