07th June 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 35508.50 (-0.8%)

On Friday, BankniftyFuture was sustained around 35800-35950 almost 2 hrs

After RBI Governor’s speech was seen profit booking and fell up to 35350

Selling pressure visible in frontline bank stocks

VIX below 16 for the first time in 2021

Option premium is very low….. Its trouble for option writers

BankniftyFuture weekly trend decider at 35050 and 35950

Today BankniftyFuture is facing a intraday resistance at 35670 and 35850-35900

Above resistance is crucial for today’s trade

BNF can be considered as supports as 35440, 35350 and 35100-35050

Very strong support zone around 35050 to 35150. Don’t short at these levels!!

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Updated: 08.30 am / 07th June 2021