Bank Nifty Spot View: 08/01/2024
CMP: 48159
Moving AVG (EMA) 20 Hour & 40 Hour: 48079 & 48047
Moving AVG (EMA) 20 Day & 40 Day: 47998 & 47523
Support & Downside Range: 47820--47480
Resistance & Upside Range: 48450—48721--49110
Short Term Trend Reversal Level: -- 47480
CMP: 48159
Moving AVG (EMA) 20 Hour & 40 Hour: 48079 & 48047
Moving AVG (EMA) 20 Day & 40 Day: 47998 & 47523
Support & Downside Range: 47820--47480
Resistance & Upside Range: 48450—48721--49110
Short Term Trend Reversal Level: -- 47480
Donot forget that we are the top most sebi regd intraday bank nifty option tip provider in India and we want all to get benefitted with our services.
Trading View: In today's trading session key level to watch is 47820 as support as long as bank nifty remains above this support zone its intraday bias remains bullish for upside minimum 48450 to 48721 and max 49110 as projection whereas after opening if 474820 manage to break then bias turns sideways and we may see probably 48266 to 47480 range for rest of the day so understand the importance of 47820 support on intraday basis and act accordingly.
