Experts view on Bank Nifty Option

We expect bank nifty to open flat with slight bullishness and thereafter market will fall and in the last one hour again the bulls will take charge in bank nifty. Since global markets are closed and thus no global cues are available and thus new year euphoria among retail traders will take Nifty and bank nifty to let them close at the high end of the day.

🔸 Parliament's budget session to commence on January 31; 

🔸 Union Budget to be presented on February 1

BankNifty Spot View For 02/01/2023
Cmp: 42986
Support & Downside Range: 42765—42489—42220--42000
Resistance & Upside Range: 43509—43852--44150

Bank Nifty Option Expert tips
Short-Term Trend Reversal Level: --42909

Bank Nifty Option Expert Tips 

Trading View: In today's trading session key level to watch is the 42489 spot level if bulls manage to hold it then we may again move upside towards the 43509 to 43852 spot zone whereas if 42489 gets broken and we get 15—30 mins sustain below it then we may fall downside towards 42220 to 42000 spot levels.

2022 treated us well, what an amazing journey we had together! Everyone growing, learning & earning! 2023 is here, new year, new spirit! We’ll make 2023 a much better year for us! Let’s achieve MORE! Have a good one guys! We’ll continue our grind soon! 

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Banknifty live update 43080-43090 spot levels intraday support if market slips below it and sustain for 15 mins than bank nifty can fall till 43000—42850 again if it holds 43080—90 spot than again can move upside towards 43280—43350 spot cmp 43137

BankNifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
43000	43000	1.04833	43200	43300	43500