Bank Nifty Spot View: 02/11/2023
CMP: 42700.95
Moving AVG (EMA) 20 Hour & 40 Hour: 42745 & 42792
Moving AVG (EMA) 20 Day & 40 Day: 43062 & 43550
Support & Downside Range: 42580—42390--42105
Resistance & Upside Range: 42940—43055 zone, 43290--43390
Short Term Trend Reversal Level: -- 44230
Trade intraday profitably using our banknifty options tip and be a part of the profit making group that helps you make profit on a daily basis.
Trading View: In today's trading session if we open gap up then key level to watch is 42940—43055 rest zone if nifty manage to break and sustain above this rest zone then we may see complexity in bank index and it can again moves upside towards 43290 to 43390 levels whereas after opening if 42940—43055 manage to hold then we may again see selling pressure to start and bank index may head lower towards 42390 to 42105 and lower levels so understand the importance of 42940-43055 rest on 15 to 30 mins sustain basis and act accordingly.
