BankNifty Spot View For: 08/05/2023
CMP: 42661.20
Support & Downside Range: 42520—41771--41165
Resistance & Upside Range: 43035—43285—43590--43750
Short Term Trend Reversal Level: -- 43750
Trading View: In today's trading session key level to watch is 42520 spot as support levels, after opening if 42520 gets break immediately then we may see selling pressure to get intense towards minimum 41771 and maximum 41165 spot levels whereas if 42520 manage to hold then we may see small pullback towards 43035 spot levels here it can face a next leg of selling pressure, over all bank index remains sell on rise to sideways till its trading below 43590 to 43750 spot levels and ideally should fall till 41771 to 41165 as a part of correction in next 2 to 3 trading session.
