Bank Nifty Spot View For: 18/07/2023
CMP: 45449.75
Moving AVG (EMA) 20 Hour & 40 Hour: 44907 & 44889
Moving AVG (EMA) 20 Day & 40 Day: 44639 & 44209
Support & Downside Range: 45435—45360—45142
Resistance & Upside Range: 45665-45707 zone, 45982--46375
Short Term Trend Reversal Level: -- 44545
Trading View: In today's trading session key support to watch is 45435—45360 support zone as long as bank nifty trades above this support zone bias remains bullish for upside minimum 45665 to 45707 and max 45982 levels whereas if 45360 gets breach then we may get small dip till 45142 as part of cooling and anywhere near this zone we may again start next leg of upside rally so understand the importance of 45435 to 45360 support zone.