16th Nov 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 38858

On Monday, BankniftyFuture was opened 38950 and went to 39180 but unable to sustained higher level
Seen selling pressure at higher levels and slipped to below opening level 38712
PSU Banks was seen selling pressure and declined more than 2%
Private banks did not well
Hdfcbank struggled around 1500-1550
Icicibanks struggled 765-800
Sbin struggled around 500-525
Something cooking banking stocks in last 10 days!!

BankniftyFuture formed a small bodied bearish candle on yesterday
Today BNF is facing a intraday resistance 39000 and 39200
If sustains above 39200 then will try to move 39350
But, stay caution at higher levels!!

On other side, BNF can be considered as supports as 38700 and 38500
Below 38500, finding a next support around 38300-38200

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Updated: 08.36 am / 16th Nov 2021