Bank Nifty Spot View: 02/01/2024
CMP: 48234.30
Moving AVG (EMA) 20 Hour & 40 Hour: 48254 & 48249
Moving AVG (EMA) 20 Day & 40 Day: 47993 & 47300
Support & Downside Range: 48000—47880—47630--47400
Resistance & Upside Range: 48400--48750—49000—49205--49410
Short Term Trend Reversal Level: -- 48000
CMP: 48234.30
Moving AVG (EMA) 20 Hour & 40 Hour: 48254 & 48249
Moving AVG (EMA) 20 Day & 40 Day: 47993 & 47300
Support & Downside Range: 48000—47880—47630--47400
Resistance & Upside Range: 48400--48750—49000—49205--49410
Short Term Trend Reversal Level: -- 48000
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Trading View: In today's intraday trading session key level to watch is 48000 support after opening if this support manage to hold then on immediate basis bank nifty moves upside towards 48400 and above 48400 can head towards 48750 to 49000++ levels whereas after opening if 48000 breaks and sustain below it for 15 to 30 mins then on immediate basis we may open for downside levels minimum 47880 to 47630 and max 47400 so understand the importance of 48000 support on intraday basis and act accordingly.
