RBI tomorrow in its MPC meet may start slowing the increase in the rate of interest as USA inflation has come down and the fed has also signaled a slower increase in the rate of interest going forward.

BankNifty Spot View For 05/12/2022
Cmp: 43103.75
Support & Downside Range: 42937—42850--42470
Resistance & Upside Range:  43415—43520 zone—43750--44000

Bank Nifty Today

Short Term Trend Reversal Level: -- 41000
Trading View: Intraday trading bias remains bullish till bank nifty is trading above the 42937—42850 spot zone and in such case bank index may move upside minimum 43415—43520 levels whereas breaking below 42850 bank index may fall downside minimum 42470 spot levels.

Check our daily Bank Nifty Today report and start making money on a daily basis.

Banknifty live update CMP 43235 spot below 43140 spot again selling pressure starts and above 43340 spot again fresh up move starts till than it's a range bound between 43140—43340 spot

Bank Nifty Put Call Analysis

Banknifty 43000 8th DEC Put CMP  130 downside 120 support and if 43000 put closes below 120 than high chances are there that this strike goes 0 by 8th Dec and most likely this week expiry we may see above 4 3 3  4 0 spot levels let see how 1 2 0 gets defend here on closing basis