27th April 2021 #BankniftyFuture Intraday Levels and Pre-market Report

BankniftyFuture last close: 32302.55 (+1.9%)

BankniftyFuture was rebounded on yesterday and index gained 1.9%

BNF was opened at 32221 and went to 32624 but unable to sustain at higher levels and fell more than 300 points from day’s high

Option premium was too high. Like 30000PE was closed at 50 which is 2300 points there to active 30k PE

Put premiums are too high and CE premium are too low

Icicibank and Axisbank helped to lift the index

Today Axisbank will declare their earnings report…… Maybe on post market hours

HDFCBank was seen selling pressure on yesterday

After RBI new rule, Kotakbank maybe affect

SGXNifty indicate a flat opening for the index and followed by Bank index

However, BankniftyFuture has formed hammer pattern on yesterday which was indicating there is no strength at higher levels

Today BNF is facing a intraday resistance 32350, 32450 and 32625

Above 2nd and 3rd resistance are hurdle for today’s trade!!

Suppose if stays above 32625………… Bulls will be dominate

Today BNF can be considered as supports 32170, 32050 and 31850

Below 31850………… Will try to check 31500

More live market update will be sent to my clients only

Updated: 08.18 am / 27th April 2021