05th March 2021 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 35879.75 (-1.7%)

BankNiftyFuture was opened gap down and sustained 35800 to 36200 in whole day

Everyday BNF was seen more than 1000 points volatility

PSU banks sustains and Private banks visible profit booking

Option writers having huge trouble due to peak margin and higher VIX

While updating SGXNifty indicate a gap down opening and followed by bank index

In last five sessions BNF range between 34650 to 36600. Almost 2000 points volatility

However, Today BNF considering a supports 35650 and 35500

Below 35500, Finding a next support around 35350 and 35000

Don’t short at very lower levels!!

BNF is facing a intraday resistance 35900, 36150 and 36300

If there is any higher levels can sell

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Updated: 08.40 am / 05th March 2021