Bank Nifty Spot View For: 17/03/2023
Cmp: 39132.60
Support & Downside Range: 38988—38890—38572---38600--38300
Resistance & Upside Range: 39410--39915--40315
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Short Term Trend Reversal Level: --
Trading View: In today's trading session key level to watch is 38988—38890 spot zone if bank bulls manage to hold this levels after opening then we may see immediate upside towards 39410 here it may try to find first resistance for the day and break and sustain above 39410 for 15-30 mins short covering move gets extend towards minimum 39915 spot levels whereas a break below 38890 spot levels indicate that ongoing selling is not yet over and we may again fall downside towards minimum 38600 and max 38300 spot levels.
Credit Suisse also gets a life saver. Today First Republic bank has got the taste what Yes bank got the taste 3 years back in India.
