CMP: 48497.50
Moving AVG (EMA) 20 Hour & 40 Hour: 48504 & 48505
Moving AVG (EMA) 20 Day & 40 Day: 48858 & 49291
Support & Downside Range: 48290—48150 ZONE, 47840--47400
Resistance & Upside Range: 48840—49350--49500
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 48290-48150 support zone.
• As long as BANKNIFTY remains above this support zone its trend remains bullish for upside minimum 48840 and maximum 49350 to 49500 spot levels.
• Whereas after opening if BANKNIFTY breaks 48290—48150 on 1hr sustain basis then trend turns sideways for remaining hours of the day.