CMP: 53603.55
Moving AVG (EMA) 20 Hour & 40 Hour: 53084 & 52706
Moving AVG (EMA) 20 Day & 40 Day: 52017 & 51819
Support & Downside Range: 53250—52850 ZONE
Resistance & Upside Range: 54000--54500
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 53250—52850 support zone.
• 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 53250—52850 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.