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

BankniftyFuture last close: 38466.10 (-0.6%)

BankniftyFuture seen another selling pressure and down 0.6% lower
BNF was fell 3500 points in last 6 days
On yesterday BNF was seen highly volatile and swing seen around 1800 points
BNF was opened 38888 and went to 39080 then fell to 38400 again spiked 39000, once again fell to 38300
VIX was sustained around 21.75
Hdfcbank major contributor to bank index

As per open interest data, PE side open interest was seen very lower
CE side huge OI was added on yesterday closing basis!!
However, BNF can be considered as supports as 38250 and 38000
If breaks and manages below 38000 will try to check 37750 and 37500

On other side, BNF is facing a intraday resistance 38620, 38700 and 38950
Stay caution at higher levels and If rise can sell

Updated: 08.37 am / 28th Sept 2022