08th Feb 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 38101.65 (-2%)

On Monday, BankniftyFuture was seen heavy selling pressure
BNF was opened 38625 then fell to 37891 and finally ended 38100
Private banks was seen huge selling pressure
Hdfcbank, Axisbank, ICicibank, and Kotakbank fell 2% to 4%
Hdfcbank major contributor to fell bank index as well as Nifty50
PSUBanks did well
Bankbaroda did very well and stock rose 7% higher
SBIN managed marginal gain
Volatility index spiked 8% at 20.50

As per open interest data, There is no significant OI on PE side
Highest OI added on CE side which was indicated sell on rise
However, BankniftyFuture is facing a intraday resistance 38300, 38380 and 38600
Every rise can sell and keep a stop of resistance levels!!

On other side, BNF can be considered as supports as 37900 and 37800
Below 37800 will try to check 37500-37600

Thereafter expecting more pain!!

Updated: 08.25 am / 08th Feb 2022