Banknifty Last Close: 39616.90 (-1%)
What a Terrific Thursday
Banknifty was seen very good in the noon, in the last 1 hour completely collapsed
Banknifty was opened 39850 then went to 40200. After 2 pm slipped to 39550
PSUBank index fell around 1%
Private banks was seen selling pressure
VIX sustained around 14.50-15
Today Banknifty is facing a intraday resistance 39730, 39800 and 40000
If stays above 40000 will try to move 40200 which was yesterday’s high
But, Stay caution at higher levels!!
On other side, Banknifty can be considered as supports as 39500 and 39400
Below 39400 finding a next support around 39230
Updated: 08.36 am / 24th March 2023
