CMP: 46064.45
Moving AVG (EMA) 20 Hour & 40 Hour: 46600 & 47108
Moving AVG (EMA) 20 Day & 40 Day: 47472 & 47465
Support & Downside Range: 45979—45366--44326
Resistance & Upside Range: 46600—47000--47320
Short Term Trend Reversal Level: --
Trading View: Due to HdfcBank bad numbers we saw a brutal 2000 points selling in bank nifty now in today's trading session key level to watch is 45979 which is yesterday low after opening if this manage to hold then we may see small bounce upside till 46600 levels whereas if 45979 manage to break then we may see selling pressure to continue with oversold RSI and we may head lower towards 45366 minimum and close below 45366 we may open for another 1000 points move till 44326 levels. #NOTE: If bulls are alive then ideally bank nifty should settle its correction anywhere between 45366—44326 zone