BANKNIFTY Spot View: 25/10/2024
CMP: 51531.15
Moving AVG (EMA) 20 Hour & 40 Hour: 51508 & 51558
Moving AVG (EMA) 20 Day & 40 Day: 51765 & 51785
Support & Downside Range: 51400--50995—50400--49910
Resistance & Upside Range: 51790--51975
Short Term Trend Reversal Level: -- 52580
Trading View Summary:
• For today's intraday trading session key level to watch is 51400 spot levels. If this levels manage to hold then bank bulls may try to give bounce in the markets.
• Whereas after opening if 51400 breaks on sustain basis then we may see selling pressure to build in banking stocks as well which may drag nifty more on downside. So understand the importance of 51400 support here.
CMP: 51531.15
Moving AVG (EMA) 20 Hour & 40 Hour: 51508 & 51558
Moving AVG (EMA) 20 Day & 40 Day: 51765 & 51785
Support & Downside Range: 51400--50995—50400--49910
Resistance & Upside Range: 51790--51975
Short Term Trend Reversal Level: -- 52580
Trading View Summary:
• For today's intraday trading session key level to watch is 51400 spot levels. If this levels manage to hold then bank bulls may try to give bounce in the markets.
• Whereas after opening if 51400 breaks on sustain basis then we may see selling pressure to build in banking stocks as well which may drag nifty more on downside. So understand the importance of 51400 support here.
