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

BankniftyFuture last close: 36756.10 (+1)

On Wednesday, BankniftyFuture was opened 36400 and made a low of 36250
Then BNF rallied more than 550 points from day’s low to high
Finally the bank index ended around 1% higher
Private and PSU Banks did very well
SBIN rallied more than 2%
VIX consolidated around 18.50
Icicibank and Hdfcbank ended higher

As per open interest, PE side added more OI and CE side there is no significant OI
However, BankniftyFuture is facing a intraday resistance 36850, 36950 and 37100
Closely watch around 37100. Once if breaks and manages above the level
Sharp rally or short covering will be expected up to 37400+

On other side, BNF can be considered as supports as 36650, 36600 and 36450

Updated : 08.24 am / 28th July 2022