Banknifty : HDFC Bank moving up will propel Index to New Heights

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BANKNIFTY Spot View: 22/02/2024
CMP: 47019.70
Moving AVG (EMA) 20 Hour & 40 Hour: 46887 & 46608
Moving AVG (EMA) 20 Day & 40 Day: 46181 & 46208
Support & Downside Range: 46740—46408/46300 zone, 43100---45820 zone
Resistance & Upside Range: 47363—47735--48010
Short Term Trend Reversal Level: -- 

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Trading View Summary:
•  In today's trading session key level to watch is 46740 spot levels after opening if this support manage to hold then bank nifty again moves upside towards minimum 47363 to 47735 & max 48010 levels.
•  After opening if bank nifty manage to break 46740 then we may immediate open for downside minimum 46408 to 46300 & max 43100 spot levels.

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