27th May 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 34723.95

BankniftyFuture was seen consolidated with range around 34700-34950 on yesterday

BNF was opened 34810 and made a low of 34502 then went to 34989 again slipped to 34700

Hdfcbank, Icicibank, Axisbank and Kotakbank sustained

SBIN did well but in last one hour fell almost 1.5% from day’s high

VIX shot up to 10% at 21 levels

Option premium was closed lower

Highest OI was seen 35000CE and 34500PE

BankniftyFuture was trading range in last three sessions 34400 to 35300

Today monthly expiry and expecting highly volatile but watch above levels

As per OI data BNF considering a strong support 34500 and resistance 35000

However, Today BNF is facing a intraday resistance 34880 and 35030

If stays above 35030……… Expecting short covering up to 35300-35450

BNF can be considered as supports as 34600, 34500 and 34400

Below 34400………Finding a next supports 34240-34000

Don’t short at very lower levels!!

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Updated: 08.32 am / 27th May 2021