BankNifty Spot View For: 20/09/2022
Cmp: 40904.50
Support & Downside Range: 40500
Resistance & Upside Range: 41330--41554
Short Term Trend Reversal Level: -- 41840.15
Trading View: bank nifty till now retraced 50% of the fall from 41840 to low of 40502 and key level to watch in today's market ahead of FOMC meeting is 41330 which is 61.8% retrace level and 41554 which is 78.6% retrace levels ahead of #FOMC ideally this resistance should hold whereas downside immediate support placed at 40500 break below we may again see weakness to start in market.
Cmp: 40904.50
Support & Downside Range: 40500
Resistance & Upside Range: 41330--41554
Short Term Trend Reversal Level: -- 41840.15
Trading View: bank nifty till now retraced 50% of the fall from 41840 to low of 40502 and key level to watch in today's market ahead of FOMC meeting is 41330 which is 61.8% retrace level and 41554 which is 78.6% retrace levels ahead of #FOMC ideally this resistance should hold whereas downside immediate support placed at 40500 break below we may again see weakness to start in market.
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