17th May 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 32265.20 (-0.8%)

BankniftyFuture was trading range between 32000 to 33500 in last 9 sessions

On Friday, BNF was opened 32500 and went to 32698 then slipped 32184

BNF was seen range with volatile in last few sessions

In range market can do short strangle or short straddle

Option premium will be melting if range markets

That is the reason volatility index closed below 20 level

PSU banks like, SBIN, Canbank, Fedbank and BOB focus on coming days

SGXNifty indicate a positive opening for the index and followed by bank index

BankniftyFuture is facing a intraday resistance 32360, 32450 and 32600

If sustains above 32600 then will try to move 32800+

On other side, BNF considering a intraday support 32185, 32085 and 31950

Below 31950, Finding a next support around 31625 which was last 15 days low

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Updated: 08.22 am / 17th May 2021