10th March 2023 #Banknifty Intraday Levels and Pre-Market Reports

Banknifty last close: 41256.75 (-0.8%)

On Thursday, Banknifty was seen volatile with ended 0.8% down
Banknifty was opened 41530 and went to 41650 then slipped to 41260
All bank stocks was seen selling pressure
PSU Bank index fell around 1%
VIX sustained around 12.30
Option premium was seen very low due to low VIX

SGXNifty indicates a gap down opening and followed by Bank index also will open gap down
However, Banknifty is facing a intraday resistance 41250, 41400 and 41600
Above 2nd and 3rd resistance are strong crucial for today’s trade

Banknifty can be considered as support as 41150 and 41000
Below 41000 finding a next supports around 40750 and 40500

Updated: 08.21 am / 10th March 2023