Bank Nifty Spot View: 08/08/2023
CMP: 44837.50
Moving AVG (EMA) 20 Hour & 40 Hour: 44893 & 45031
Moving AVG (EMA) 20 Day & 40 Day: 45193 & 44857
Support & Downside Range: 44593—44275--43970
Resistance & Upside Range: 45150—45320--45660
Short Term Trend Reversal Level: -- 45660
Trading View: In today's trading session key support level to watch is 44593 spot levels as long as bank nifty remains above this level bias remains strong, only break below 44593 bias goes sideways and weak again, whereas upside immediate rest placed at 45150 spot levels break and sustain above it for 15 to 30 mins we may see intraday fresh upside move to come.
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The weightage of HDFC Bank is projected to increase in FTSE Emerging All Cap Index from 0.81 per cent to 1.52 per cent. According to the exchange, this will happen three tranches. - September, December 2023 and March 2024. Semi-Annual review changes will be announced on August 18 and adjustments will take place on September 15.
