Banknifty last close : 40701.70 (-1%)
On Monday, Banknifty was seen selling pressure and declined 1%
Banknifty was opened 41220 then fell to 40580 finally ended 40700
Icicibank and Hdfcbank fell around 1% to 2%
SBIN did not well
VIX ended around 13.40
PSUBank index also seen selling pressure
Banknify was formed big bearish candle on Monday
As per open interest 41000CE was added more OI
However, Banknifty is facing a intraday resistance 40830 and 40900
If breaks and manages above 40900 will try to move 41100
Stay caution at higher levels!!
On other side, Banknifty can be considered as supports as 40600, 40500 and 40300
Updated: 08.18 am / 21st Feb 2023
