The Nifty commenced the day on a bearish note, presently trading at 19,355, signaling a net loss of 38 points. Intraday support for the Nifty is identified at 19,328, with resistance at 19,365. A decisive move above the 19,365 level is imperative for a potential rebound, while a sustained downtrend would require a breach below the 19,328 mark.

Intraday Levels: Support: 19,328 - 19,270 Resistance: 19,365 - 19,400 - 19,465

For the short term, support is pegged at 19,233, and resistance stands at 19,500.

Similarly, the Bank Nifty initiated the trading session with a negative bias, currently standing at 43,658, marking a loss of 20 points. Intraday support for the Bank Nifty is positioned at 43,550, with resistance at 43,700. A significant breakout from either of these levels is crucial for determining the index's overall direction.

Intraday Levels: Support: 43,550 - 43,400 Resistance: 43,700 - 43,860

In the short term, support is observed at 43,500, while resistance is noted at 44,000.