Bank Nifty Spot View: 12/01/2024
CMP: 47438.35
Moving AVG (EMA) 20 Hour & 40 Hour: 47456 & 47483
Moving AVG (EMA) 20 Day & 40 Day: 47631 & 47474
Support & Downside Range: 47230—47015—46900--46500
Resistance & Upside Range: 47760—47830zone, 47940 zone, 48100
Short Term Trend Reversal Level: -- 48650
CMP: 47438.35
Moving AVG (EMA) 20 Hour & 40 Hour: 47456 & 47483
Moving AVG (EMA) 20 Day & 40 Day: 47631 & 47474
Support & Downside Range: 47230—47015—46900--46500
Resistance & Upside Range: 47760—47830zone, 47940 zone, 48100
Short Term Trend Reversal Level: -- 48650
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Trading View: In today's intraday trading session key level to watch is 47230 as support as long as bank nifty remains above this support zone its intraday bias remains sideways to bullish for upside minimum 47760 to 47830 range and max 47940 to 48100 range whereas after opening if bank nifty manage to break 47230 then intraday bias turns sideways to weak and we may see bank nifty to retest 47000 and below levels so understand the importance of 47230 support on intraday basis and act accordingly.
