27th Feb 2023 #Banknifty (spot) Intraday Levels and Pre-Market Reports

Banknifty last close: 39909.40 (-0.2%)

On Friday, Banknifty was seen selling pressure and ended 0.2% down
Banknifty was opened 40250 and fell to 39820 again bounced to 39909
In the last 6-7 sessions Banknifty fell more than 2000 points
VIX sustained around 15
Banknifty was fell around 2% in the last week
Overall open interest indicating CE was seen around 4 crore OI
PE side was seen around 2 crore OI

Banknifty weekly trend decider 39400 and 41000
Today Banknifty is facing a intraday resistance 40000, 40065 and 40200
If stays above 40200 finding a next resistance around 40450

On other side, Banknifty can be considered as supports as 39750 and 39600
Below 39600 finding a next support around 39400 which was Budget day’s low

Updated: 08.26 am / 27th Feb 2023