CMP: 48216.80
Moving AVG (EMA) 20 Hour & 40 Hour: 48450 & 48476
Moving AVG (EMA) 20 Day & 40 Day: 48797 & 49238
Support & Downside Range: 47970—47840 zone, 47400
Resistance & Upside Range: 48840—49350--49500
Short Term Trend Reversal Level: --
Trading View Summary:
• Right now bank nifty is little bit lethargic in movement compare to nifty but that's okay soon I m expecting it to find it stability and start the impulsive move.
• For today's trading session key level to watch is 47970—47840 support zone if bank nifty manage to hold this support zone then it can immediate start up move towards 48840 and above levels.
• Only break below 47970—47840 it can give little more downside move towards 47400 spot levels.