11th March 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 34547.20 (+1.9%)

On Thursday, BankniftyFuture was seen too much volatility due to weekly expiry
BNF was opened gap up almost 1200 points at 35000 and went to 35424 then fell to 34230
BNF fell more than 1000 points from day’s high
But, index was ended gain of 2%
Private banks and Psubanks did well on yesterday
Volatility index fell 7% and ended around 26
Option premium was seen too high due to high VIX

BankniftyFuture formed a slightly bearish candle on yesterday which means BNF ended below the opening level
However, BNF is facing a intraday resistance 34750, 34900 and 35200
Above 2nd and 3rd resistance are crucial for today’s trade

On other side, BNF can be considered as supports as 34220 and 34000
Below 34000 will try to check 33850-33500

Updated: 08.26 am / 11th March 2022