Bank Nifty Spot View: 22/11/2023
CMP: 43689.15
Moving AVG (EMA) 20 Hour & 40 Hour: 43695 & 43731
Moving AVG (EMA) 20 Day & 40 Day: 43718 & 43685
Support & Downside Range: 43585--43450—43265--42890
Resistance & Upside Range: 43820—43940--44100--44420
Short Term Trend Reversal Level: -- 44420
CMP: 43689.15
Moving AVG (EMA) 20 Hour & 40 Hour: 43695 & 43731
Moving AVG (EMA) 20 Day & 40 Day: 43718 & 43685
Support & Downside Range: 43585--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 43585 support as long as bank nifty remains above this support level its intraday bias remains sideways to bullish and in that case bank nifty may try to move upside towards minimum 43820 to 43940 levels and max 44100 to 44420 levels, whereas break and sustain below 42585 for 15 mins intraday bias turns sideways to weak and in that case bank nifty may again try to move downside towards minimum 43450 to 43265 and max 42890 levels so understand the importance of 43585 support and act accordingly.
