31st March 2023 #Banknifty Intraday Levels and Pre-Market Reports

Banknifty last close: 39910.15 (+0.9%)

On Wednesday, Banknifty was seen highly volatile and ended 0.9% higher
Banknifty was opened 39600 and went to 39900 again slipped to 39600
In the last 30 minutes Banknifty was shot up to 40050 from 39700
HDFCBank did very well
SBIN and PSUBank lift the bank index
VIX dropped below 14 and down 12%

Banknifty formed a bullish candle on last session and broken last 3 day’s high
Which was indicated a bullish sign
However, Banknifty is facing a intraday resistance 40000 and 40050
If breaks and stays above 40050 will try to move 40180 and 40400

On other side, Banknifty considering a supports 39850, 39780 and 39630

Updated: 08.21 am / 31st March 2023