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

BankniftyFuture last close: 39592.60 (-0.6%)

On Wednesday, BankniftyFuture was seen range with volatility
BNF was opened 39440 and slipped to 39340 then shot up to 39713
Finally BNF was ended at 39592.60 down 0.6%
Private banks was seen mixed trend
Psubank seen marginal with positive bias
VIX sustained around 19 to 19.50

As per open interest 40000CE added high OI followed by 39500CE
PE side, 39500PE and 39000PE seen high OI
IF spot sustains above 39550, trouble for 39500CE short sellers!!

However, BNF is facing a intraday resistance 39630, 39700 and 39820
If breaks and manages above 39820 will try to move 40000

On other side, BNF can be considered as supports as 39550, 39480 and 39350
Below 39350……..finding a next support around 39000

Updated: 08.36 am / 08th Sept 2022