Bank Nifty Spot View: 17/11/2023
CMP: 44161.25
Moving AVG (EMA) 20 Hour & 40 Hour: 44235 & 44163
Moving AVG (EMA) 20 Day & 40 Day: 43804 & 43707
Support & Downside Range: 44040—43875—43538--43265
Resistance & Upside Range: 44420-44600--44750
Short Term Trend Reversal Level: -- 42800
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Trading View: In today's intraday trading session key level to watch is 44040 spot as support as long as bank nifty remains above this support zone still it has a chance to move upside till minimum 44420 to 44600 and max 44750 spot levels whereas after opening if bank nifty manage to break 44040 spot and sustain below it then 44420 become strong rest zone and bank nifty can move downside towards minimum 43875 to 43538 and max 43265 levels so understand the importance of 44040 support and act accordingly.
