18th Oct 2022 #BankniftyFuture Intraday Levels & Pre-Market Reports

BankniftyFuture last close: 39975.85 (+1.5%)

On Monday, Bankniftyfuture was rallied 1.5%
BNF was opened 39350 and made a low of 39223 then shot up to 40045
Hdfcbank gained around 1%
PSUBanks did very well and gained 3.5%
Kotakbank, Icicibank and Indusindbank did well
VIX settled around 18.30
Option premium seems low due to low VIX

BankniftyFuture has broken almost 15 days high and ended above the level
Also BNF formed a bullish candle which means favored for bulls
However, BNF is facing a intraday resistance 40120 and 40200
If breaks and manages above 40200 will try to move 40450-40500

On other hand, BNF can be considered as supports as 39825 and 39750
Below 39750 finding a next support around 39550

Updated: 08.03 am / 18th Oct 2022