CMP: 50478.90
Moving AVG (EMA) 20 Hour & 40 Hour: 51433 & 52027
Moving AVG (EMA) 20 Day & 40 Day: 52373 & 52022
Support & Downside Range: 50150—49650--48950
Resistance & Upside Range: 51800—52100--52525
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51800 as resistance.
• BANKNIFTY can find stability on close above 51800 spot levels only. As long as its below 51800 spot levels its short term trend remains weak and sell on rise.
• Downside immediate trading support is placed at 50150 if it holds chance of short covering intraday move is there. Whereas if it breaks can see more downside towards 49650 and below levels.