07th April 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

Last close: 37754.35 (-1%)

BankniftyFuture was seen range with volatility on Wednesday
BNF was opened 37738 and fell to 37642 again went to 38036 then settled at 37754
Monday BNF was shot up to 1485 points and last two sessions BNF was shed around 1000 points
Volatility index sustained around 19
Hdfcbank came nearby Friday’s close
You know ? Hdfcbank went to 1722 on Monday but yesterday closed at 1550
Icicibank sustained
PSU Bank index shot up 1%
Option premium was cooled off due to low VIX

As per open interest Banknifty 38000CE was added more OI
PE side, seems 37000CE added more OI

However, BNF is facing a intraday resistance 37800, 37900 and 38050
Above resistance are crucial for today’s trade

On other side, BNF can be considered as supports as 37700, 37630 and 37500
Below 37500 then will try to check 37250

Updated: 08.35 am / 07th April 2022