17th March 2023 #Banknifty Intraday Levels and Pre-Market Reports

Banknifty last close: 39132.60 (+0.2%)

What a Terrible Thursday, Banknifty was seen huge volatility and ended almost flat
Banknifty was opened 39060 and fell to 38613 then spiked to 39381 finally ended 39132
The index was travelled 38900 to 39300 in a whole day
The option prices was seen terrible movement
For example : 39000PE was opened 150 and travelled to 400 to 15 to 300 to 0
VIX sustained around 16.20

Banknifty is facing a intraday resistance 39270 and 39350
If breaks and manages above 39350 will try to move 39550

On other side, Banknifty can be considered as supports as 39050 and 38900
Below 38900 finding a next support around 38700

Updated: 08.37 am / 17th March 2023