Banknifty last close: 41577.10 (+0.5%)
On Wednesday, Banknifty was seen recovered from day’s low and ended 0.5% higher
Banknifty was opened 41250 and slipped to 41100 and shot up to 41625
PSUBank and Private banks did well
PSUBank gained 0.5%
Icicibank did very well
VIX sustained around 12.30
PE side added huge OI which means expecting some rally
Today Banknifty is facing a intraday resistance 41720, 41850 and 42050
If breaks and manages above 42050 expecting the rally up to 42250
On other side, Banknifty can be considered as supports as 41480, 41400 and 41250
Don’t short at very lower levels
Updated: 08.37 am / 09th March 2023
