22nd Sept 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 37370.50 (+0.4%)
BankniftyFuture was seen highly volatilie on Sept 21
BNF was opened 37300 and fell up to 36609 then again spiked up to opening level 37300
Kotakbank did well
PSU banks seen underperform
Volatility index fell more than 6%
Option premium eroded due to VIX falling

As per open interest data, 38000CE added more OI and followed by 37500CE
On PE side, 37000PE added more OI
Let’s see, BankniftyFuture is facing a intraday resistance 37450, 37575 and 37800
Hurdle and crucial level around 37800……. Stay caution!!

BNF can be considered as supports as 37200, 37050 and 36900
Below 36900 finding a next support around 36650-36600 (Yesterday’s low)
Don’t short at very lower levels!!
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Updated: 08.40 am / 22nd Sept 2021