Banknifty Taking Pause before USA FOMC Meet

Bank Nifty Spot View: 13/12/2023
CMP: 47097.55
Moving AVG (EMA) 20 Hour & 40 Hour: 47186 & 47171
Moving AVG (EMA) 20 Day & 40 Day: 46450 & 45482
Support & Downside Range: 46850—46790 zone, 46500---46290---46000
Resistance & Upside Range: 47700--48000
Short Term Trend Reversal Level: -- 43265--43230

Make profit using our bank nifty option tips and you are out with profit in less than 1 hour on a daily basis.

Trading View: In today's trading session key level to watch is 46850—46790 support zone after opening if this support zone manage to hold then once again bank nifty can try to move upside towards 47700 levels whereas after opening if 46850—46790 breaks and we get sustain below it for 15 to 30 mins then more downside intraday move we can see till minimum 46500 to 46290 and max 46000 levels so understand the importance of 46850—46790 support and act accordingly.