BANKNIFTY Spot View: 08/11/2024
CMP: 51916.50
Moving AVG (EMA) 20 Hour & 40 Hour: 51917 & 51795
Moving AVG (EMA) 20 Day & 40 Day: 51765 & 51763
Support & Downside Range: 51650—51400 zone, 50870
Resistance & Upside Range: 52580--53020
Short Term Trend Reversal Level: -- 50870
Trading View Summary:
• For today's intraday trading session key level to watch 51650—51400 support zone.
• As long as BANKNIFTY holding this support zone on 1hr sustain basis its trend remains bullish for upside minimum 52580 to maximum 53020 as next upside projection.
• Whereas after opening if 51400 gets break on 1hr sustain basis then trend turns sideways for remaining hours of the day.
