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

BankniftyFuture last close: 33678.75 (-0.5%)

On Tuesday, BankniftyFuture was seen strong consolidation with a range of 300 points
BNF was opened 33610 and went to 33772 then slipped to 33542. Finally ended 33678
Private banks visible selling pressure
VIX gained 2% and ended at 21.50
Option premium seems little lower due to range session

As per open interest chart, 34000CE and 33500PE added more OI on yesterday closing basis
Which means if breaks either side will move further
However, BNF is facing a intraday resistance 33700, 33850 and 34000
Stay caution at higher levels!!

On other side, BNF can be considered as supports as 33600, 33550 and 33400
Below 33400 expecting more weakness!!

Updated: 08.28 am / 29th June 2022