Banknifty last close: 43766.50 (+0.3%)
On Tuesday, Banknifty was seen highly volatile and ended 0.3% higher
Banknifty was opened 43600 and dropped to 43345 then spiked up to 43825
Banknifty was marked a June series low on yesterday
PSUBank and Private banks was seen sharp recovery from day’s low
VIX sustained around 11
As per open interest 44000CE and 43500PE was seen highest OI
Today Banknifty is facing a intraday resistance 43850, 43900 and 44050
If breaks and manages above 44050 will try to check 44200
But, Stay caution at higher levels!!
On other side, Banknifty can be considered as supports as 43700, 43630 and 43500
Below 43500 finding a support around 43350
Updated: 08.14 am / 21st June 2023
