08th Feb 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 41641.80 (+0.3%)

On Tuesday BNF was seen huge volatility and ended 0.3% higher
BNF was opened 41600 then fell to 41240 again shot up to 41750
Private banks was sustained
PSUBanks seen marginally selling pressure
VIX down 5% to 14
Option premium sustained ahead of RBI Policy

All eyes will be on RBI Policy at 10 am and RBI Governor speech
However, BNF is facing a intraday resistance 41800, 41930 and 42200
Strong resistance zone around 42200 which was Budget day’s high
Suppose, After Policy if sustains above 42200… Bulls will be back!!

On other side, BNF can be considered as supports as 41500, 41350 and 41100
After policy, If sustains below 41100…. Adding more power to bears!!

Updated: 08.32 am / 08th Feb 2023