30th Aug 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 38441.75 (-2%)

On Monday, BanknifytFuture was opened huge gap down and ended 2% lower
BNF was opened 1000 points gap down at 38315 then made a low of 38129 in fist 5 minutes
Thereafter BNF was consolidated around 38300-38500 levels
Private banks did not well
Hdfcbank fell more than 2%
PSUBank was seen selling pressure
VIX shot up to 10% and ended around 20

As per open interest, 39000CE and 38000PE added more OI
Which was indicated the swing will come around 1000 points
However, BankniftyFuture is facing a intraday resistance 38500 and 38565
If breaks and manages above 38565 will try to move 38700 and 38900
But, Stay caution at higher levels!!

On other side, BNF can be considered as supports as 38360, 38300 and 38130
Major support zone around 38K

Updated: 08.30 am / 30th Aug 2022