Banknifty will be under pressure : Will HDFC Bank save the day?

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BANKNIFTY Spot View: 03/04/2024
CMP: 47545.45
Moving AVG (EMA) 20 Hour & 40 Hour: 47452 & 47258
Moving AVG (EMA) 20 Day & 40 Day: 46927 & 46757
Support & Downside Range: 47375—47215—47085--46950
Resistance & Upside Range: 47815--48170
Short Term Trend Reversal Level: --
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Trading View Summary:
•  In today's intraday trading session key level to watch is 47375 as support after opening if this support manage to hold than we may immediate moves upside towards 47815 to 48170 spot levels
•  After opening if 47375 fail to hold on 15 to 30 mins sustain basis than we may see more intraday downside pull back move till minimum 47215 to 47085 and maximum 46950 spot levels.

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