Banknifty last close: 39588.85 (+0.3%)
On Tuesday, Banknifty was seen range with positive bias
Banknifty was opened 39585 and fell to 39385 again spiked to 39645
Finally Bank index was ended 0.3% higher
VIX sustains around 15
Hdfcbank did very well and lift the bank index
Indusindbank was seen buying pressure
PSUBank index sustained
39500CE and PE was seen equal OI
40000CE and 39000PE added huge OI
Today Banknifty is facing a intraday resistance 39600, 39650 and 39750
If stays above 39750 will try to move 39900
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 39250
Updated: 08.17 am / 29th March 2023
