Banknifty Spot View: 13/2/2024
CMP: 44882.25
Moving AVG (EMA) 20 Hour & 40 Hour: 45234 & 45415
Moving AVG (EMA) 20 Day & 40 Day: 45876 & 46114
Support & Downside Range: 44420—44300 support zone, 43800
Resistance & Upside Range: 45365—45750—46190--46900
Short Term Trend Reversal Level: -- 46900
CMP: 44882.25
Moving AVG (EMA) 20 Hour & 40 Hour: 45234 & 45415
Moving AVG (EMA) 20 Day & 40 Day: 45876 & 46114
Support & Downside Range: 44420—44300 support zone, 43800
Resistance & Upside Range: 45365—45750—46190--46900
Short Term Trend Reversal Level: -- 46900
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Trading View: In today's trading session key level to watch is 45365—45750 rest zone as long bank nifty remains below this rest zone its intraday bias remains weak and sell side and it can fall downside till minimum 44420—44300 and max 43800 levels, whereas after opening if bank nifty manage to hold 44420—44300 then there is a possibility that we may see a double bottom or lower double bottom formation in bank nifty which may lead bank nifty to take till or above 45750 rest levels… so understand the importance of 44300 support & 45750 rest on intraday basis & act accordingly.
