BANKNIFTY Spot View: 22/11/2024
CMP: 50372.90
Moving AVG (EMA) 20 Hour & 40 Hour: 50496 & 50681
Moving AVG (EMA) 20 Day & 40 Day: 51175 & 51426
Support & Downside Range: 49900--49500—48600
Resistance & Upside Range: 50500—50520--51140—51575 zone, 52500
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 51140—51575 rest zone.
• As long as BNAKNIFTY is trading below this rest zone its trend remains sell on rise.
• For trading prospective 49900 is key support once it breaks selling pressure builds downside.
• Whereas upside 50500—50820 should act as immediate trading resistance.
