BANKNIFTY Spot View: 22/10/2024
CMP: 51962.70
Moving AVG (EMA) 20 Hour & 40 Hour: 51876 & 51779
Moving AVG (EMA) 20 Day & 40 Day: 51901 & 51852
Support & Downside Range: 51645—51445 zone, 50995
Resistance & Upside Range: 52330—52610--53000
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51645--51445 support zone.
• As long as BANKNIFTY is trading above this support zone its trend remains bullish and buy on dips for upside minimum 52610 to 53000 spot levels.
• Whereas after opening if 51645—51445 breaks on 1hr sustain basis then for remaining hours of the day trend turns sideways to lethargic.
