Bank Nifty:
No support or resistance was broken on 3rd May, 2023.
| Case No. | Particulars | Position to be Initiated |
| I | Bank Nifty sustains above 43500. Upto Next Resistance at 44151 | Continuing Bullish |
| II | Bank Nifty between 43008 to 43500 | Sideways |
| III | Bank Nifty sustaining below 43008 | Bearish |
Nifty 50
| Case No. | Particulars | Position to be Initiated |
| I | Nifty 50 sustains above 18170 | Continuing Bullish |
| II | Nifty 50 between 18050 & 18170 | Sideways |
| III | Nifty 50 crosses below 18050 | Bearish |
