19th Jan 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 42523.20 (+0.43%)

BankniftyFuture was seen range with positive bias on Jan 18
BNF was opened 42400 then fell to 42216 and spiked up to 42610
Finally BNF was ended 42523 up 0.4%
PSUBank index was seen profit booking and fell around 1.5%
Private banks did well
Hdfcbank did very well on Jan 18
Indusindbank has announced inline with expectation result

Open interest indicating 42500CE and 42000PE was seen high OI
However, BankniftyFuture is facing a intraday resistance 42560 and 42650
If stays above 42650 then will try to move 42770
Stay caution at higher levels

On flip side, BNF can be considered as supports as 42450, 42400 and 42300
Below 42300 finding a next support around 42050

Updated: 08.34 am / 19th Jan 2023