Bank Nifty Spot View For: 02/05/2023
Cmp: 43223.90
Support & Downside Range: 43090--42960--42754
Resistance & Upside Range: 43487—42585—42700--44000
Short Term Trend Reversal Level: -- 42754
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Trading View: In today's intraday trading session key support level to watch is 43090—42960 which also acts a buying supply zone and 42754 will remain our trend reversal mom dad support as long as 42754 is intact buy on dips is a advisable whereas upside 43487 will act as immediate resistance break above this level up bets extend minimum towards 42585 to 42700 and max 44000, if 42487 does not get break then we may see some premium eating sideways move between 43090 to 43487 spot levels.
This is a good step that USA govt had stopped trading in First Republic bank else people tend to buy such shares and burn their hand in name of value averaging.
