20th Oct 2022 BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 40401.75 (+0.1%)

On Wednesday, BankniftyFuture was seen volatile and ended flat note
BNF was opened 40500 and went to 40668 then fell to 40245
Finally BNF was settled at 40401
Hdfcbank did very well on first half
VIX sustained around 17.30
Option premium was seen very low
CE side, 40500CE was added huge OI
PE side, There is no significant OI

BankniftyFuture is facing a intraday resistance 40450, 40530 and 40650
Above resistance are crucial for today’s trade!!
Stay caution at higher levels!!

On other hand, BNF can be considered as supports as 40280, 40150 and 39950
Below 39950 finding a next support around 39700

Updated: 08.17 am / 20th Oct 2022