25th May 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 34998.10

On yesterday, BankniftyFuture was seen violent move in first 30 minutes and last 45 minutes

In first 30 mins, BNF was opened 34900 and went to 35150 then dropped to 34550 then sustained 34900-35000

In last 45 mins, BNF moved from 34900 to 35350 then slipped to 34900

Huge trouble for option seller as well as option buyer

SBIN gained 2.5% but slipped almost 2% from intraday high

Private banks was seen marginally higher

Option premium looking very low due to low VIX

SGXNifty indicate a gap up opening and followed by bank index

However, BankniftyFuture formed a small bodied bullish candle on daily scale

BNF is facing a intraday resistance 35175 and 35350……. If stays above 35350

Then will try to move 35550

BNF can be considering a intraday support 34850, 34720 and 34500

If there is any declines can buy or sell below 34000PE options

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Updated: 08.22 am / 25th May 2021