Bank Nifty Spot View: 04/12/2023
CMP: 44814.20
Moving AVG (EMA) 20 Hour & 40 Hour: 44772 & 44587
Moving AVG (EMA) 20 Day & 40 Day: 44165 & 43930
Support & Downside Range: 44750--44250
Resistance & Upside Range: 45060—45545--46090
Short Term Trend Reversal Level: -- 43265--43230
CMP: 44814.20
Moving AVG (EMA) 20 Hour & 40 Hour: 44772 & 44587
Moving AVG (EMA) 20 Day & 40 Day: 44165 & 43930
Support & Downside Range: 44750--44250
Resistance & Upside Range: 45060—45545--46090
Short Term Trend Reversal Level: -- 43265--43230
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Trading View: In today's gap up trading session key level to watch is 44750 as long as bank nifty remains above this support zone its trend remains sideways to bullish for upside minimum 45060 to 45545 projection and max 46090 levels, after opening if bank nifty reaches to 45545 levels and face rest then there is a good chance that around this levels we may see some profit booking pull back which may again drag bank nifty down towards 45060 to 44750 levels so understand the importance of 45545 rest on intraday basis here.
