BANKNIFTY Spot View: 24/10/2024
CMP: 51239
Moving AVG (EMA) 20 Hour & 40 Hour: 51451 & 51560
Moving AVG (EMA) 20 Day & 40 Day: 51789 & 51798
Support & Downside Range: 50995—50400--49910
Resistance & Upside Range: 51600—51790--51975
Short Term Trend Reversal Level: -- 52580
Trading View Summary:
• For today's intraday trading session key level to watch is 50995 spot levels. If this levels manage to hold then bank bulls may try to give bounce in the markets.
• Whereas after opening if 50995 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 50995 support here.
