31st May 2023 #Banknifty Intraday Levels and Pre-Marker Report

Banknifty last close: 44436.35 (+0.3%)

On Tuesday, Banknifty was seen volatile with positive bias
Banknifty was opened 44275 and travelled around 44300 to 44500
Finally Banknifty was ended at 44436
Private banks was seen mixed trend
Axisbank did well and rallied around 1.5%
VIX sustained around 12
Option premium seen very low due to low VIX

Banknifty is facing a intraday resistance 44520 and 44600
If stays above 44600 will try to move 44750

On other side, Banknifty can be considered as supports as 44360 and 44250
Below 44250 finding a next support around 44100

Updated: 08.30 am / 31st May 2023