Banknifty Trading Levels 31 May

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BANKNIFTY Spot View: 31/05/2024
CMP: 48682.35
Moving AVG (EMA) 20 Hour & 40 Hour: 48798 & 48778
Moving AVG (EMA) 20 Day & 40 Day: 48418 & 48138
Support & Downside Range: 48530—48390--48200
Resistance & Upside Range: 49045—49250—49385--49700
Short Term Trend Reversal Level: -- 47340

Trading View Summary:
•  In today's intraday trading session key level to watch is 48530 as support.
•  As long as BANKNIFTY remains above 48530 intraday trend remains bullish for upside minimum 49045 to 49250 & maximum 49385 to 49700 spot levels.
•  Whereas below 48530 trend remains sideways to weak for 48390 to 48200 spot levels.

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