03rd May 2021 #BankniftyFuture Intraday Levels and Pre-market Report

BankniftyFuture last close: 32893.55 (-2.5%)

BankniftyFuture was seen huge selling pressure on Friday and index declined 2.5%

BNF was opened 33197 and went to 33600 then slipped to 32812

All front line banks was under selling pressure

Option premium was closed at higher levels

Indusindbank  reported profit at Rs 876 crore in Q4FY21 against Rs 301.8 crore in Q4FY20, net interest income rose to Rs 3,534.6 crore from Rs 3,231.2 crore YoY

Kotakbank declaring earnings report on today

So focus on Indusindbank and Kotakbank

SGXNifty indicate a gap down opening for the index and likely to follow bank index

BankniftyFuture is finding a supports 32750. Once if breaks and managed below the level, expecting further weakness up to 32575, 32400 and 32150

Very strong support around 32150 which was last week low

BNF is facing a intraday resistance 32900, 33050 and 33250

If there is any rise………. can sell

More live market update will be sent to my clients only

Updated: 08.14 am / 03rd May 2021