19th May 2021 #BankniftyFuture Intrday Levels and Pre-Market Report

BankniftyFuture last close: 34045.20

BankniftyFuture was surged more than 1500 points in last two sessions

On yesterday, BNF was opened gap up at 33950 and went to 34244 and finally closed at 34045

Hdfcbank did well and helped to lift the index

Kotakbank, Icicibank and Axisbank seen marginal gains

After Canbank result selling pressure seen in SBIN

SBIN will be declaring earnings report on Friday

VIX below 20 and option premium looks too low

SGXNifty indicate a negative opening for the index and banknifty also followed to be opened 200-300 points gap down

Yesterday BankniftyFuture formed a hammer kind of pattern chart which was indicating caution at higher levels

BankniftyFuture is facing a very strong resistance and one month high was around 34300

If stays above the level………… Then only we see further rally!!

Are you risky trader ?? Sell on rise and keep a stop of 34300 closing basis!!

Today BNF can be considered as supports as 33900, 33800 and 33610

Day before yesterday closing was today’s strong support around 33540-33600

Thereafter……….. Bears will be dominating!!

Updated: 08.33 am / 19th May 2021