06th April 2021 #BankniftyFuture Intraday Levels and Pre-market report

BankniftyFuture last close: 32817.15 (-3.9%)

Bankniftyfuture was seen huge selling pressure on yesterday

BNF was opened at 33925 and melted up to 32412 then recovered almost 400 points from day’s low

Final tally was BNF fell more than 1150 points

All front-line banks and PSU stocks fell significantly

Major contributor Indusindbank fell 5.5%, and SBIN declines 4.6%

Option premium went up in first half and erased intraday gains in second half

BankniftyFuture was formed a big bearish candle on April 5 but bounced-back from previous week low around 32400

However, Highly volatile will be expected due to RBI Policy on tomorrow

Today BNF is facing a intraday resistance 32950 and 33100

If crossover and holds above 33100…….. Will try to move 33250-334000

Stay caution at higher levels!!

Today BNF can be considered as supports as 32670, 32530 and 32400

Below 32400…………… Expecting more pain up to 32000

More live market update will be sent to my clients only

Updated: 08.15 am / 06th April 2021

Please follow and like us: