14th June 2022 #BankniftyFuture Intraday Levels & Pre-Market Reports

Bankniftyfuture last close: 33431.40 (-3.3)

On Monday, BankniftyFuture was seen strong selling pressure and index declined 3.3%
All bank stocks was melted 2% to 5%
RBLBank at all time low and stock declined more than 20%
Icicibank dragged more than 3.5%
Hdfcbank, Axisbank and Kotakbank fell significantly
Indusindbank fell more than 4%
VIX shot up 15% at 21.50
All PSUBank stocks fell 2% to 5%
Option premium didn’t fall due to VIX shot up

BankniftyFuture has formed a big bearish candle on 13 Jun
As per open interest there is no significant OI on both side
Which means volatility will be expected!!

However, BankniftyFuture can be considered as supports as 33250 and 33000
Once if breaks and manages below 33000 expecting more pain up to 32700 and 32500

On other side, BNF is facing a intraday resistance 33600, 33780 and 340000
Stay caution at higher levels!!

Updated: 07.16 am / 14th June 2022