17th June 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports


What a terrific Thursday
BankniftyFuture was declined more than 2%
BNF was opened 32685 and went to 32798 thereafter slowly melted up to 32561. Finally ended 32633
From day’s high to low BNF was declined more than 1450 points
All bank stocks declined 2% to 4%
Private banks and Psubank index declined 1.5% to 2.5%
VIX shot up to around 23
Option premium shot up due to high VIX
Yesterday recommended 33000PE at 200 and booked profit 400

BankniftyFuture has formed a big bearish candle
Today BankniftyFuture is facing a intraday resistance 32750, 32860 and 33000
If stays above 33000 will try to move 33300
But, Stay caution at higher levels!!

On other side, BNF can be considered as supports as 32300, 32000 and 31700
More live market update will be sent to my clients only

Updated: 08.30 am / 17th June 2022