29th Oct 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture Oct last close: 39567.60 (-3.4%)
Nov last close: 39696.15

On Thursday, What a day and what a terrific day!!
BNF was opened 40870 then fell, fell, and fell up to 39476
There was no small bounceback on entire day
Bears was dominated at end of the second
Except Indusindbank, all bank stocks fell more than 2% to 6%
PSU bank index fell 4.5%
Biggest fall since April 14, 2021
Volatility index spiked more than 8%

Nov series ended with a premium of 188 points
BankniftyFuture formed a big bearish candle on 28 Oct

Today BankniftyFuture is facing a intraday resistance 39850 and 40000
Once if crossover 40000 will try to move 40250
But, Stay caution at higher levels & don’t jump and buy

Today BNF can be considered as supports as 39550 and 39400
Below 39400……. expecting more pain up to 39000

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Updated: 08.41 am / 29th Oct 2021