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

BankniftyFuture Sept last close: 37625.30 (-0.5%)
Oct last close : 37861.30 (-0.3%)

On Thursday, BNF was seen highly volatile and end 0.5% down
BNF was opened gap up at 38100 and went to 38298 then slipped to 37524
PSUBank index gained around 1%
Private banks was seen selling pressure
VIX slipped marginally and end 21.20
BankniftyFuture Sept series was opened 39500 and went to 41850 then fell to 37650
Around 6000 points move in the Sept series

All eyes on RBI Policy and Forecast of inflation
Banknifty Oct series was seen 220 points premium and end 37861.30
BankniftyFuture can be considered as supports as 37700 and 37470
If breaks and manages below 37470 finding a next supports 37200 and 36900

On other side, BNF is facing a intraday resistance 37800, 37950 and 38200
Above 38200, will try to move 38450

Updated: 08.31 am / 30th Sept 2022