23rd Sept 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 37100.30 (-0.7%)

BankniftyFuture was seen selling pressure on yesterday’s trade
BankniftyFuture was opened at 37350 and made a high of 37440 then slipped to 36990
All frontline bank stocks was seen selling pressure
PSU Banks seen underperform
Volatility index ended at flat
Option premium seems little high

As per yesterday’s closing Open Interest. Highest OI was seen CE side
BN 37000CE and 37500CE added more OI and other side 37000PE added more OI

Let’s see Technical levels, BNF is facing a intraday resistance 37175, 37300 and 37450
If sustains above 37450, then will try to move 37600
BNF can be considered as supports as 37000 and 36900
Below 36900, expecting more pain up to 36700-36500
More live market update will be sent to my clients only

Updated: 08.47 am / 23rd Sept 2021