28th Oct 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 40959.95 (-1%)

On Wednesday, BankniftyFuture was opened 41305 and consolidated around 41200-41300 but in last hour was seen selling pressure and index declined more than 400 points
Axisbank declined more than 4%
Icicibank and Sbin did very well
Option premium seen little bit higher
Volatility index sustained around 16.70
Yesterday I recommended two short straddle gained more than 150 points

Highest OI added 41000CE and PE side there is no significant OI
BankniftyFuture is facing a intraday resistance 41000, 41200 and 41400
Stay caution at higher levels.

On other side, BNF can be considered as supports as 40850, 40700 and 40500
Below 40500, expecting more pain

Updated :08.33 am / 28th Oct 2021