25th Jan 2022 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close : 36966.85 (-1.7%)

What a terrific Monday
BankniftyFuture was opened 37600 then fell to 36410 again bounced to 37000
BNF was seen highly volatile with a range of more than 1000 points
Volatility index spiked more than 20% and settled aroung 22
Option premium was shot up. You know At The Money pair almost 900
All bank stocks fell
Icicibank did not sustained and seen selling pressure despite of company announced good earnigns report
Axisbank also announced a good earnings report but in ADR stock was down 1%

BankniftyFuture formed a big bearish candle on 24 Jan
As per Open Interest, There is no significant OI on PE side
CE side seen 37500 and 38000CE added more OI
Which was indicated stay caution at higher levels!!

Today BankniftyFuture is facing a intraday resistance 37000, 37250 and 37500
Stay caution at higher levels!!

On other side, BNF considering a supports 36700, 36530 and 36400
Below 36400 will try to check 36000 levels
Updated: 08.36 am / 25th Jan 2022