BANKNIFTY INTRADAY TRADING LEVELS FOR TOMORROW
DATE- 01.06.23
TIME-FRAME- 15 MINUTES
BUY ABOVE- 44157 target will be 44264, 44380, 44500
SELL BELOW- 44055 target will be 43945, 43845 & 43700
Bank Nifty index experienced selling pressure from bears during the first half of the trading session. However, buying activity was witnessed in the last hour of trading, driven by MSCI index rebalancing. The index has support at 43500, indicating a level where buyers have shown interest and the potential for a bounce-back. On the other hand, resistance is seen at 44500, which is a significant level where both put and call writing is visible. This suggests that there may be a considerable number of traders with bearish and bullish expectations around this price level
