06th Oct 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 39267.95 (+2.95)

On Tuesday, BankniftyFuture was spiked around 3%
BNF was opened gap up around 800 points at 38800 and shot up to 39348
BNF was broken last Friday’s high and closed above the level
VIX fell around 8% to settled around 19.30
All bank stocks shot up 1% to 5%
Hdfcbank and Indusindbank did very well on last session
PSU Bank did well

BankniftyFuture formed a big bullish candle on last session
Bank index broken the inside bar candle which was last Friday’s high
As per open interest 39000CE and PE was seen equal OI on closing basis
Huge trouble for CE short sellers on opening bell!!

However, BankniftyFuture is facing a intraday resistance 39300 and 39440
If breaks and manages above 39440 will try to check 39650 and 39950

On other side, BNF can be considered as supports as 39100 and 38950
Below 38950 finding a next support around 38700

Updated : 08.23 am / 06th Oct 2022