29th Aug 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 39221.85 (+0.65)

On Friday, BankniftyFuture was opened gap up and sustained the opening gain
BNF was opened 39270 and went to 39525 then fell up to 39040
Finally BNF was ended at 39222, 0.6% higher
Did you know ? There is no strength at higher levels like 39500-39800
Private banks not well in last week
PSUBank gained more than 4% in the last week

BankniftyFuture weekly trend decider 38000 and 39800
Today SGXNifty indicates a huge gap down and BNF also followed by SGXNifty
BNF also will open huge gap down around 38600.

However, BNF can be considered as supports as 38850 and 38620
If sustains below 38620 finding a next supports 38450 and 38200
The major support zone around 38000…. Thereafter Free fall will be expected

On other hand, BNF is facing a intraday resistance 39000 and 39250
If rally can sell

Updated: 08.30 am / 29th Aug 2022