16th June 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 33398.15 (+0.1%)

On Wednesday, BankniftyFuture was seen range with volatility
BNF was opened 33400 and made a low was 33301 then spiked to 33587 again fell to 33400
Private banks was seen mixed trends
VIX sustained around 21.50-22
Option premium didn’t fall ahead of Fed decision

As per open interest 33000PE and 34000CE added more OI
33500CE and PE there is no significant OI

BankniftyFuture is facing a intraday resistance 33450, 33550 and 33700
If stays above 33700 will try to move 34000
Stay caution at higher levels!!

On other side, BNF can be considered as supports as 33340, 33200 and 33000
Below 33000….. Expecting more pain

Updated: 08.26 am / 16th June 2022