Edit this postRBI governor address today and thus trading to be undertaken in two parts. One before address and later after address.
Bank Nifty Spot View: 08/12/2023
CMP: 46841.40
Moving AVG (EMA) 20 Hour & 40 Hour: 46814 & 46699
Moving AVG (EMA) 20 Day & 40 Day: 45724 & 44874
Support & Downside Range: 46500---46290---46000
Resistance & Upside Range: 47050--47300—47500—47700--48000
Short Term Trend Reversal Level: -- 43265--43230
Trade profitably with our Bank Nifty Tips and be a part of profit making team every day.
Trading View: Bank nifty shown some sign of cooling off but failed to close at day low's, in today's trading session key level to watch is 46500 as support which is yesterday's low now fresh weakness and knee jerk reaction starts once bank nifty breaks and trades below 46500 and in that case it can move downside till minimum 46290 to 46000 levels whereas if 46500 manage to hold and bank nifty breaks and sustain above 47050 spot for 15 to 30 mins then once again we may see upside move towards minimum 47300 to 47500 and max 47700 to 48000 levels so understand the importance of 46500 here.
