We thought the USA First Republic bank issue is sorted but more banks in USA are showing signs of going down. So be carefull in May month as historically this month has been bad. Make money using our bank nifty option tip on a daily basis.
Bank Nifty Spot View For: 03/05/2023
Cmp: 43352.10
Support & Downside Range: 43209—43123--43000
Resistance & Upside Range: 43487—42585—42700--44000
Short Term Trend Reversal Level: -- 42754
Trading View: In today's trading session key level to watch is 43487 as resistance as long as we trade below this levels bias remains sideways and we may see some profit booking and cooling off move towards 43209 to 43123 minimum and max 43000 levels whereas if bank bulls manage to break and sustain above 43487 for 15 to 30 mins then move gets extend upside with shallow retrace and we may head towards 42585 to 42700 minimum and max 44000 spot levels.
