Bank Nifty Share Price Trading Plan

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BankNifty Spot View For: 09/05/2023
CMP: 43284
Support & Downside Range: 43159—43099 zone, 42999--42865
Resistance & Upside Range: 43420--43750
Short Term Trend Reversal Level: -- 42582

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Trading View: In today's trading session key support to watch is 43159—43099 zone as long as bank index trades above this zone bias remains strong and bullish and it can try to move upside towards minimum 43750 spot levels whereas break below 43159—43099 bias goes sideways and options writers of 43000 strikes goes heavy to eat the premium.

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