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

BankniftyFuture last close: 34455.45 (-1.7%)

On Friday as usual BankniftyFuture was fell more then 1.7%
On last more than 1 month Banknifty was seen daily movements more than 1000 points
On last week Bank index fell 5.5% in four sessions
All private and psu bank stock fell more than 5% to 15% in last week
Hdfcbank and Icicibank was contributed more points to falling bank index
Volatility index sustained around 28-30
Option premium was seen too high

BankniftyFuture Trend Decider For This Week 34000 & 36800
SGXNifty indicates a gap down opening and followed by bank index also will open 300-500 points gap down for the index
However, BankniftyFuture future formed a lower lows and lower highs which was indicated sell on rise mode
BankniftyFuture can be considered as supports as 34200 and 34000
If breaks and holds below the level will try to check 33700 and 33350

On other side, BNF is facing a intraday resistance 34500 and 35000

Updated: 08.26 am / 07th March 2022