08th March 2021 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 35287.95 (-1.6%)

BankniftyFuture was opened gap down and slipped 1.6% on Friday

However, BNF was took support around 34700-34900 in last two times

On Friday BNF was made a low of 34887 then bounced up to 35300, Now gap up opening

Option premium is too high

Like ATM straddle above 1200 weekly expiry despite of Wednesday expiry

On OI side 34500 PE and 36000CE was seen huge OI on Friday

SBIN broken recent support at 285

SGXNifty indicate a gap up opening and followed by Bank index also will open 300+

Today BankniftyFuture is facing a intraday resistance 35400 and 35540

If stays above 35540, Will try to move 35740 and 35900

BNF considering a supports 35100, 34950 and 34750

Strong support zone around 34600-34750. Don’t short at these levels!!

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Updated: 08.32 am / 08th March 2021