11th May 2023 #Banknifty Intraday Levels and Pre-Market Reports

Banknifty last close: 43331.05 (+0.3%)

On Wednesday, Banknifty was seen volatility and ended 0.3% higher
Banknifty was opened 43275 then fell to 42822 again spiked to 43385
PSUBanks did not well
Indusindbank did well in past few sessions
VIX shot up to 13 from 12
43500CE and 43000PE was seen highest OI

Banknifty is facing a intraday resistance 43430 and 43500
If stays above 43500 will try to move 43650

On other side, Banknifty can be considered as supports as 43270, 43200 and 43050
Below 43050 finding a next support around 42800

Updated: 08.31 am / 11th May 2023