Bank Nifty Spot View: 21/11/2023
CMP: 43584.95
Moving AVG (EMA) 20 Hour & 40 Hour: 43643 & 43749
Moving AVG (EMA) 20 Day & 40 Day: 43725 & 43685
Support & Downside Range: 43450—43265--42890
Resistance & Upside Range: 43820—43940--44100--44420
Short Term Trend Reversal Level: -- 44420
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Trading View: In today's trading session key level to watch is 43820-43940 rest zone and 43450 support levels as long as bank nifty remains between this levels its intraday bias remains slow and sideways, only break of either side we may see next trending move, below 43450 selling pressure gets intense and bank nifty may try to move downside towards 43265—42890 levels, whereas break above 43820—43940 bank nifty may try to move upside towards 44100—44420 spot levels so understand the importance of 43450 support and 43820—43940 rest zone and act accordingly.
