19th July 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

Bankniftyfuture last close: 35856.50 (-0.4%)

On Friday, BNF was consolidated around 35800-35900 and ended 125 points down

Once again BNF was struggled around 35900 to 36100 previous week range was 35900-36000

Hdfcbank has announced below street expectations and increased NPA marginally

India volatility index was ended lowest level since 2021

Option premium was too low due to Wednesday holiday

Icicibank, Axisbank and Kotakbank was seen selling pressure on Friday

SGXNifty indicate a gap down opening. Hence, BNF will be opened around 300-400 points gap down

On Friday, Highest open interest was seen 36000PE that is the sign for weakness!!

Today focus on Hdfcbank and stock will be reacting based on the earnings report

However, BNF can be considered as supports as 35720, 35600 and 35450

BNF considering a major intraday support around 35450 which was last four day’s support. If not take support and expecting more selling pressure up to 35150-35000

BNF is facing a intraday resistance 35800, 35875 and 36000

Stay caution at higher levels

Updated: 08.47 am / 19th July 2021