Will HDFCbank Save BankNifty from Falling?

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BANKNIFTY Spot View: 04/04/2024
CMP: 47624.25
Moving AVG (EMA) 20 Hour & 40 Hour: 47524 & 47361
Moving AVG (EMA) 20 Day & 40 Day: 46994 & 46800
Support & Downside Range: 47280--47085--46950
Resistance & Upside Range: 48000---48225--48445
Short Term Trend Reversal Level: -- 

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Trading View Summary:
•  In today's intraday trading session key level to watch is 47280 spot as support.
•  After opening if this support manage to hold than we may immediate moves upside towards minimum 48000—48225 & maximum 48445 spot levels.
•  After opening if 47280 fail to hold on 15 to 30 mins sustain basis than we may fall downside till minimum 47085 to max 46950 spot levels.

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