31st Jan 2022 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 37824.30 (-0.3%)

On Friday, BankniftyFuture was opened 38470 and went to 38550
But, Didn’t sustained higher level like 38500 then slowly fell to 37717
All bank stocks was seen selling pressure
On last week PSU Bank gained almost 7% despite Bank index gained marginal gains
Volatility index sustained around 20-21
Indusindbank announced good earnings report on Saturday

This Week Trend Decider 37000 and 38550
On Friday, BankniftyFuture formed a bearish candle and index ended almost day’s low
Today BankniftyFuture is facing a intraday resistance 37975, 38050 and 38300
Strong resistance zone around 38300-38500

On other side, BNF can be considered as supports as 37700, 37570 and 37400
Don’t short at very lower levels!!

More live market update will be sent to my clients only
Updated: 08.26 am / 31st Jan 2022