05th Jan 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close : 43136.15 (-1.1%)

On Wednesday, BankniftyFuture was seen heavy selling pressure
BNF was opened 43600 and went to 43710 then slipped to 43031
Finally BankniftyFuture was ended at 43136
Private and PSUBanks was seen selling pressure
PSUBank index fell around 1.5%
VIX shot up to 15 from 14
Option premium seen slightly higher due to the volatility

As per open interest, 43300CE, 43500CE was seen highest OI
On PE side 43000PE was seen marginally high OI
However, BNF is facing a intraday resistance 43260, 43330 and 43500
Above 2nd and 3rd resistance are crucial for today’s trade

On other hand, BNF can be considered as supports as 43030 and 42930
Below 43930 finding a next support around 42750 and 42500

Updated: 08.19 am / 05th Jan 2023