04th May 2021 #BankniftyFuture Intraday Levels and Pre-market Report

BankniftyFuture last close: 32655.85 (-0.7%)

What a volatile day on May 3

BNF was opened gap down and flashed a low was 31625 then shot up to 32600 in first one hour. Then sustained 32400-32600 after Kotakbank result index slipped again 32000 then shot up to 32750 in last one hour. Ooops!!

Million $ dollar question………….. When market will sustain ?

Kotakbank not given good result & NPA increased

Hdfcbank was supported to bank index in last hour & stock spiked more than 2%

Icicibank was closed almost day’s high

Option premium not falling and ATM straddle was closed around 950

Today focus on RBLBank & will be declaring earnings report on today

BankniftyFuture was closed with a premium of almost 200 points and was seen short covering in last hour. But closed in red

BankniftyFuture is facing a intraday resistance 32750, 32870 and 33050

If stays above 33050….. Will try to move 33300. But stay caution at higher levels

Today BNF can be considered as supports as 32550, 32400 and 32200

Below 32200…….. Finding a next support around 31900

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.10 am / 04th May 2021