22nd April 2021 #BankniftyFuture Intraday Levels and Pre-market report

BankniftyFuture last close: 31250.55

BankniftyFuture was opened more than 300 points gap up on 20 April but unable to sustained opened level and fell more then 800 points from day’s high

BNF was opened 31589 and went to 31784 then dropped up to 30917

Bears have an huge power when index rising and they sell aggressively

All front line banks was seen selling pressure

Option premium did not falling on Tuesday

PE premium was added huge open interest

BankniftyFuture has formed hammer pattern with bearish candle on a daily scale

Which indicating every rise seen the huge selling pressure and seems very bearish mode

Today BNF is considering a supports 31000 and 30880. Once if breaks and sustains below 30880 then will try to check 30600 and 30450

Monday’s low was 30450…….. is today’s strong support zone!!

After 1.30 pm…………… Expecting huge volatile due to weekly expiry

BNF is facing a intraday resistance 31200, 31340 and 31550

More live market update will be sent to my clients only

Updated: 08.39 am / 22nd April 2021