04th June 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

Last close: 35781.95 (+0.7%)

On 03 June, BankniftyFuture was seen range with volatile almost 200-300 points

However, BNF was opened 35660 and made a low of 35553 then went to 35890

In last 5 sessions BNF was trading range between 35100 to 35800

SBIN did well in last 5 sessions

Private banks was seen marginally higher but not seen significant higher

VIX below 16. Not favored for option writers

Today focus on RBI Policy at 10 am

All eyes will be on the RBI Policy and Governor’s speech about our economy

However, BankniftyFuture was ended at strong resistance zone, If all is well, further rally will be continue

BNF is facing a intraday resistance 35875 and 36000

After policy, If stays above 36000 then will finding a resistance 36150-36300

BNF can be considered as supports as 36720, 35650 and 35500

Below 35500………. Will try to check 35375 and 35250

But………. Strong support zone around 35100-35250 Don’t short these levels!!

More live market update will be sent to my clients only

Updated: 08.39 am / 04th June 2021