18th Jan 2022 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 38368.20 (-0.3%)

On Monday, BankniftyFuture was seen highly volatile on first 1 hour
BNF was opened 38280 and went to to 38715 then fell to 38250
First one hour BNF was moved almost 400 points from opening level
Then fell more than 450 points from day’s high
Hdfcbank opened flat then shot up to 2% gain then slipped to Red
Finally Hdfcbank was down 1.5%
Selling pressure seen in private banks
Psu banks did well
Volatility index ended around 16.50

As per open interest, 38500CE was added more OI and PE there is no significant OI
Which was indicated sell on rise mode

However, BankniftyFuture is facing a intraday resistance at 38400, 38500 and 38650
If stays above 38650 will try to check 38800
But, Stay caution at higher levels!!

On other side, BNF can be considered as supports as 38240, 38120 and 38000
Below 38000, Expecting more selling pressure up to 37700-37800

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Updated: 06.10 am / 18th Jan 2022