Today be careful as tomorrow is a holiday on account of Maharashtra day as people sitting on profit will like to book profit
So today strategy is to trade light and start with small qty and thereafter scale up and undertake a timely exit
Pl remember that no one can capture all the profit
BANKNIFTY Spot View: 30/04/2024
CMP: 49424.05
Moving AVG (EMA) 20 Hour & 40 Hour: 48740 & 48465
Moving AVG (EMA) 20 Day & 40 Day: 47995 & 47584
Support & Downside Range: 49170—49075—48940--48680
Resistance & Upside Range: 49525—49600 Zone, 49890--50200
Short Term Trend Reversal Level: -- 48680
Trading View Summary:
• In today's trading session key support to watch is 48680 spot levels & 49170 to 48490 as bank nifty bulls buying support.
• As long as bank nifty remains above 48680 spot levels its trend remains bullish for upside range given.
• Whereas after opening if 48680 breaks than we may again see sideways to weak trend by bank nifty so consider 48680 as short term reversal level also for time being till we get further clarity.
Trade like a pro and start getting profit and grow your balance with our accurate Bank Nifty Option Tips and we aim to trade less but trade accurately.
