#BankniftyFuture Noon Update and Open Interest Analysis

While updating BankniftyFuture were trading @ 36800

BNF opened 36619 and marked a low of 36502 then shot up to 36937.60

Once again BNF seems selling pressure at higher levels like 36900-37000

As per OI side 36500PE added more OI and opposite side 37000CE added more OI

Which is indicating BNF range between 36500 to 37000

However, BNF is facing a intraday resistance 36880-36950

If sustains above 36950 then will check 37100 but if comes these level expecting selling pressure!! Stay caution at higher levels

BNF considering a supports 36720 and 36620 and 36500

Below 36500, More pain

Updated: 12.41 pm / 08th Sept 2021