Bank Nifty Spot View: 18/12/2023
CMP: 48143.55
Moving AVG (EMA) 20 Hour & 40 Hour: 47888 & 47705
Moving AVG (EMA) 20 Day & 40 Day: 47076 & 46055
Support & Downside Range: 47710—47330--46875
Resistance & Upside Range: 48230—48500--48975
Short Term Trend Reversal Level: -- 46885
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Trading View: In today's trading session key level to watch is 47710 support after opening if this support manage to hold then once again bank nifty can move upside towards 48500 minimum to max 48975 levels whereas after opening if 47710 manage to break and we get 15 to 30 mins sustain below it then we can see cooling off pull back till minimum 47330 to max 46875 spot levels so understand the importance of 47710 support on intraday basis act accordingly.
