Banknifty Spot View: 25/1/2024
CMP: 45082.40
Moving AVG (EMA) 20 Hour & 40 Hour: 45042 & 45287
Moving AVG (EMA) 20 Day & 40 Day: 46101 & 46685
Support & Downside Range: 44326--43500
Resistance & Upside Range: 45535—45735 zone, 46011--46580
Short Term Trend Reversal Level: -- 46580
CMP: 45082.40
Moving AVG (EMA) 20 Hour & 40 Hour: 45042 & 45287
Moving AVG (EMA) 20 Day & 40 Day: 46101 & 46685
Support & Downside Range: 44326--43500
Resistance & Upside Range: 45535—45735 zone, 46011--46580
Short Term Trend Reversal Level: -- 46580
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Trading View: In today's trading session key level to watch is 45535—45735 rest zone as long as bank nifty remains below this level its intraday bias remains sell on rise for downside minimum 44326 and max 43500 as projection whereas after opening if 45535—45735 manage to break then intraday bias turns sideways and range bound between 45535—46011 range most of the day so understand the importance of 45535—45735 rest on intraday basis and act accordingly. #NOTE: TREND REMAINS BEARISH BELOW 45535—45735, TREND REMAINS SIDEWAYS ABOVE 45735, and TREND TURNS BULLISH ABOVE 46011—46580
