Bank Nifty Spot View For: 05/04/2023
Cmp: 40813.05
Support & Downside Range: 40759—40707 zone, 40530—40450 zone --- 40300
Resistance & Upside Range: 40850—41045—41115 zone, 41208—41363 zone
Short Term Trend Reversal Level: --
Trading View: In today's intraday trading session key level to watch is 40759—40707 spot levels as long as this holds we are open for upside minimum 41045 to 41115 and max 41208 to 41363 spot levels whereas if we breach 40707 then we may see again sideways market in bank index and may try for downside minimum 40530 to 40450 and max 40300 spot levels and anywhere between this levels we may again see fresh buying to come in banking stocks.
Make money using our Nifty and Bank Nifty Option tip on a daily basis.
Watch out for BFSI on upside today and FMCG on lower side.
HDFC Bank and indusind bank is showing lots of resilience and one can build position for long term.
