04th Jan 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 43609.30 (+0.5%)

On Tuesday, BankniftyFuture was seen volatile with positive bias
BNF was opened 43400 and went to 43600 then slipped 43350 once again spiked to 43650
Finally ended at 0.5% gain
Hdfcbank and Axisbank did well
VIX sustained around 14.30
PSUBank index rallied 0.5%
Option premium was seen very low due to low VIX
Open interest side, 43500CE and 43000PE seen highest OI on 03 Jan closing basis

BankniftyFuture is facing a intraday resistance 43650, 43700 and 43800
If stays above 43800 will try to move 44000.

On other side, BNF can be considered as supports as 43520, 43400 and 43250
Below 43250, expecting more further weakness up to 43000

Updated: 08.22 am / 04th Jan 2022