CMP: 53216.45
Moving AVG (EMA) 20 Hour & 40 Hour: 53383 & 53309
Moving AVG (EMA) 20 Day & 40 Day: 52565 & 52172
Support & Downside Range: 53050—52790--52400
Resistance & Upside Range: 54000--54500
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 53050 as support.
• As long as BANKNIFTY trades above this support zone its trend remains bullish for upside minimum 54000—54500 spot levels.
• Whereas after opening if it breaks 53050 on 30 mins to 1hr sustain basis then trend turns sideways and we may see some selling pressure to build again in by BANKNIFTY in markets.