05th May 2023 #Banknifty Intraday Levels and Pre-Market Reports

Banknifty last close: 43685.45 (+0.9%)

On Thursday, Banknifty was rallied around 1% and supported by private banks
Banknifty was opened 43250 and sustained around 43400
In the last 45 minutes Banknifty rallied from 43400 to 43650
Hdfcbank top contributor to lift the bank index
PSUBank index also did well
Icicibank was seen selling pressure

Banknifty is facing a intraday resistance 43780, 43850 and 44000
If breaks and manages above 44000 will try to move 44200
(Note it : Banknifty all time high was around 44150)

On other side, Banknifty can be considered as supports as 43600, 43520 and 43400
Below 43400 finding a next support 43150

Updated: 08.27 am / 05th May 2023