31st May 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 35321.80 (+0.8%)

New June series BNF was opened 35500 and went to 35670 then slipped 35150

Finally BNF was ended at 35321

On Friday BNF was seen range with volatility

However, Volatility index (VIX) ended below 17.50

Option premium was too low due to low VIX

Kotakbank did well on Friday

SGXNifty indicate a slightly lower opening and followed by bank index also

On Friday BNF was seen some selling pressure at higher levels and not able to sustained opening gain

Hence, BNF was formed small bodied bearish candle which was indicating profit booking

Now, BankniftyFuture is facing a intraday resistance 35440, 35500 and 35650

On other hand, BNF can be considered as supports as 35220, 35120 and 35000

As per OI, BNF finding a strong support zone around 35000

More live market will be sent to my clients only

Updated: 08.37 am / 31st May 2021