04th March 2021 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 36491.75 (+2.9%)

BankniftyFuture was opened 35750 and gradually went up to 36580 then settled at 36491

In March series last four sessions BankniftyFuture was moved 1000 to 1500 points daily and it is a worst scenario

In last four sessions, BNF was 36100 to 34660 to 36580. Very tough for option writers

While updating SGXNifty indicate a gap down and BNF also will open maybe 300-500 points gap down

Today weekly expiry, but BNF movements seems everyday like a expiry day

Let’s see technical levels

BNF again hurdle around 36500-37000, If comes the level can create shorts or sell CE options

BNF considering a supports 36200, 35950 and 35650 (Yesterday’s low)

As per open interest 36000PE having huge OI and followed by 35500PE

Trade very low quantity and don’t trade aggressively

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Updated: 08.39 am / 04th March 2021