Banknifty Spot View: 05/2/2024
CMP: 45790.95
Moving AVG (EMA) 20 Hour & 40 Hour: 46186 & 46081
Moving AVG (EMA) 20 Day & 40 Day: 45865 & 46243
Support & Downside Range: 45820---45660 ZONE, 45265—44950--44420
Resistance & Upside Range: 46900—47225--47750
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Short Term Trend Reversal Level: --
Trading View: In today's intraday trading session key level to watch is 45820—45660 support zone after opening if this support zone manage to hold then we may see rangebound move between 45660 to 46900 levels and fresh breakout move comes once it moves above 46900 and in that case up move can extend till 47225 to 47750 levels whereas after opening if 45820-45660 manage to break then we may fall downside till 45265 to 44950 minimum and max 44420 levels so understand the importance of 45820—45660 support on intraday basis and act accordingly.
NOTE: TREND RANGEBOUND BETWEEN 45660---46900, TRNED BULLISH ABOVE 46900, TREND WEAK BELOW 45660.
