16th Feb 2023 #Banknifty Intraday Levels and Pre-Market Reports

Banknifty last close: 41731.05 (+0.2%)

On Wednesday, Banknifty was seen buying pressure at lower levels
Banknifty was opened 41675 and fell to 41500 again bounced to 41800
Finally Bank index ended 0.2% higher
Icicibank did well
PSU Banks gained marginally
VIX fell to settled around 12.70
Option premium was seen very low due to low VIX

Banknifty is facing a intraday resistance 41825, 41900 and 42100
If stays above 42100…… we see further rally

On other side, Banknifty can be considered as supports as 41660, 41550 and 41400
If there is any declines can buy

Updated: 08.30 am / 16th Feb 2023