20th Oct 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 39633.35 (-0.4%)

On Thursday, BankniftyFuture was danced on my levels
I did mentioned in my blog BNF resistance 40030 and support 39400
Did you know ? BNF made a high of 40040.45 and low was 39409
PSU Banks was seen selling pressure
HDFCBank ended marginal higher but other private banks seen selling pressure
Icicibank will be declaring earnings report on coming Saturday
Volatility index spiked marginally

BankniftyFuture highest open interest added in 40000CE option and there is no significant OI in PE side
Which was indicated expecting further weakness!!

However, BankniftyFuture is facing a intraday resistance 39750, 39880 and 40050
Above 2nd and 3rd resistance are crucial for today’s trade!!
BNF can be considering a supports 39550 and 39400
Below 39400, expecting further weakness

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Updated: 08.39 am / 20th Oct 2021