28th Jan 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture Jan last close: 37934.55 (+0.6%)
Feb last close: 38168.05 (+0.8%)

On Thursday, BankniftyFuture was seen highly volatile around 1500 points
BNF was opened 37000 then went to 37500 then slipped 37000 again shot up to 38050
In last 30 minutes BNF was moved almost 600 points move
SBIN was helped to lift the index
SBIN gained almost 3%
CANBank announced the good earnings report and stock gained 8%
PSUBank index surged 5%
Axisbank did very well in last three sessions and stock gained almost 10%
Option premium were set to higher due to Budget
At The Money straddle was around 2500 (CE & PE including)

BankniftyFuture was formed a bullish candle in last two sessions
Also formed higher highs and higher lows which was indicated bullish sign
Banknifty Feb series ended with a premium of 180 points

Today BankniftyFuture is facing a intraday resistance 38350 and 38550
If stays above 38550 then will try to move 38800-39000
Strong resistance zone around 39000

On other side, BNF can be considered as supports as 37900, 37750 and 37500
Updated: 08.26 am / 28th Jan 2022