Bank Nifty Spot View For: 20/06/2023
CMP: 43633.75
Moving AVG (EMA) 20 Hour & 40 Hour: 43726 & 43809
Moving AVG (EMA) 20 Day & 40 Day: 43841 & 43452
Support & Downside Range: 43400—43300--43100
Resistance & Upside Range: 43760—43841 zone, 44100
Trade like a pro trader using our banknifty option tips on a daily basis.
Short Term Trend Reversal Level: -- 44500
Trading View: Bank index showing weakness since many days hovering near 40 Day EMA since last 3 days but unable to give close below that level in today's trading session 43400—43300 is key support to watch here if this gets break on closing basis then we may see further weakness in days to come whereas upside 43760—43841 acts as first immediate strong rest close above this levels bulls comes in safe zone.
Update
Market regulator SEBI has found that IIFL Securities misused and mixed client funds and has hence barred the brokerage from taking on new clients for two years.
Market regulator finds misuse and mixing of client funds from April 1, 2011 to Jan. 31, 2017.
