14th Sept 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 36576.55 (-0.5%)

BankniftyFuture was seen consolidated on Sept 13

BNF was opened 36730 and did not sustained opening level then fell to 36412 again shot up to 36600

Third time BNF was bounced from one week support zone

There is no significant movement in bank stocks

Kotakbank did well on last few sessions

Volatility index sustained around 14.30

PSU Bank stocks underperform in last few sessions

As per open interest 36500CE added more OI and followed by 37000CE

PE side 36500PE added more OI and followed by 36000PE

Overall 36500 CE and PE added more OI, Maybe happened short straddle in this strike

BankniftyFuture is facing a intraday resistance 36640, 36700 and 36850

If sustains above 36850, then will try to move 37000. But stay caution around 37k

BNF can be considered as supports as 36540, 36480 and 36400

Below 36400 then will test next strong zone around 36200

More live market update will be sent to my clients only

Updated: 08.35 am / 14th Sept 2021