Bank Nifty Spot View For: 20/07/2023
CMP: 45669.30
Moving AVG (EMA) 20 Hour & 40 Hour: 45446 & 45267
Moving AVG (EMA) 20 Day & 40 Day: 44803 & 44336
Support & Downside Range: 45510—45433--45280
Resistance & Upside Range: 45710—45850—45980
Short Term Trend Reversal Level: -- 44545
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Trading View: In today's trading session key support to watch is 45510 spot levels as long as bank nifty trades above intraday bias remains bullish for upside minimum 45850 to 45980 spot levels whereas break below 45510 spot intraday bias turns sideways and options writers goes heavy ahead of today's expiry, ideally today bank nifty should not give a daily close below 45510 spot and in minimum condition close should remain at or above 45850 and maximum at or above 45980 spot levels.