24th May 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 34763.15 (+3.9%)

BankniftyFuture was surged more than 7% on last week

Especially index gained 4% on last Friday after SBIN declared the earnings report

Icicibank, Hdfcbank, Indusindbank and Axisbank given top contributor

SBIN rose significantly around 4%

BankniftyFuture formed a strong bullish candle on Friday and index closed above the one month high. Bulls dominated on entire day!!

BNF is facing a intraday resistance 34880 and 35000. Once if breaks and managed above 35k

Expecting further rally up to 35200 and 35370

BNF can be considered as supports as 34540, 34400 and 34150

If there is any declines can buy and keep a stop of supports

For option writers…….. If there is any declines can sell PE

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Updated: 08.19 am / 24th May 2021