BankNifty Spot View For: 17/05/2023
CMP: 43903.70
Moving AVG (EMA) 20 Hour & 40 Hour: 43902 & 43743
Moving AVG (EMA) 20 Day & 40 Day: 42999 & 42312
Support & Downside Range: 43775—43340--43275
Resistance & Upside Range: 44155—44350--44775
Make money using our bank nifty option tips on a daily basis.
Short Term Trend Reversal Level: --
Trading View: Compare to Nifty, Bank nifty breath is still strong and holding its 20 & 40 Hour EMA respectively, here in today's trading session key support to watch is 43902 to 43775—43743 support zone as long as these levels manage to hold bank nifty still has chance to Outperform Nifty and can move upside towards 44350 to 44775 spot levels whereas break and sustain below 43775—43743 bank nifty bias goes weak and it can join nifty for cooling off journey and can fall intraday minimum towards 43340 to 43275 spot levels.
