Banknifty last close: 42829.90 (+0.4%)
On Wednesday,Banknifty was opened 42560 and fell to 42432 then shot up to 42875
Finally ended at 42829.90 up 0.4%
PSUBanks rallied around 1%
VIX sustained around 11.50
Option premium was seen very low
There is no premium in the money option
Axisbank will be declaring their earnings report today
As per open interest PE sides was seen highest OI
However, Banknifty is facing a intraday resistance 42900, 42950 and 43070
If stays above 43070 will try to move 43200
On flip side, Banknifty can be considered as supports as 42750, 42700 and 42600
Below 42600 will try to check 42400
Updated: 08.27 am / 27th April 2023
