12th Oct 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 38810.15 (-1%)

On Tuesday, BankniftyFuture wa seen volatile with selling pressure
BNF was opened 39200 and made a low of 38900 then spiked to 39270
Again dropped to 38733. Finally ended at 38810
Indusindbank was seen selling pressure and down around 2%
Private banks visible selling pressure
HDFCBank will declare their earings report on 15th Oct
VIX fell 6% and settled at 19.30

As per open interest 39000CE added more OI
PE side not seen significant OI which means OI indicating sell on rise
However, BNF is facing a intraday resistance 38900, 38980 and 39100
Above levels are strong crucial for today’s trade

On other hand, BNF can be considered as supports as 38700 and 38640
Below 38640 finding a next support around 38500
Thereafter expecting more selling pressure up to 38150-38000

Updated: 08.36 am / 12th Oct 2022