25th March 2021 #BankniftyFuture Intraday Levels and Pre-market report

BankniftyFuture last close : 33358.30 (-2.6%)

BankniftyFuture was seen huge selling pressure on March 24 and bears took control on entire day

BankniftyFuture was opened at 33888 and made a high 34016 and dropped up to 33255

All front line bank stocks declined more than 8% in the month of March

Yesterday I have recommended Banknifty 33300PE at 200 and went to 350

Option premium did not eroding on yesterday due VIX climbed 8%

BNF formed a bearish candle on a daily scale which was indicating bears have an upper hand and being sell on rise

In March series was opened 36000 and went to 36580 on 03 March then made a month low of 33255 on yesterday.

Today BNF is facing a intraday resistance at 33550, 33750 and 34000

If there is any rise can sell

Today BNF considering a support 33250, 33100 and 32900

Below 32900………… Expecting more pain

More live market update will be sent to my clients only

Updated: 08.46 am / 25th March 2021