CMP: 47578.25
Moving AVG (EMA) 20 Hour & 40 Hour: 47304 & 47103
Moving AVG (EMA) 20 Day & 40 Day: 46862 & 46707
Support & Downside Range: 47375—47215—47085--46950
Resistance & Upside Range: 47665—47815--48170
Short Term Trend Reversal Level: --
Trading View Summary:
• In today's intraday trading session key support to watch is 47375 spot levels, after opening if this support zone manage to hold on 15 to 30 mins sustain basis than we may immediate see bank nifty to move upside towards 47665 to 47815 minimum & maximum 48170 spot levels.
• After opening if 47375 fail to hold on 15 to 30 mins sustain basis than we may see pull back downside till minimum 47215 to 47085 & maximum 46950 spot levels.
• Long term trend turns bullish once bank nifty gives continues 1-2 days close above 48170 spot levels & in that case bank nifty opens for upside minimum 49600—50000 as next projection. So understand the importance of 48170 rest levels here on closing basis.