BANKNIFTY Spot View: 18/11/2024
CMP: 50179.55
Moving AVG (EMA) 20 Hour & 40 Hour: 50691 & 51060
Moving AVG (EMA) 20 Day & 40 Day: 51419 & 51588
Support & Downside Range: 49400--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 50650—50850 rest zone & 49900 as support zone.
• After opening if BANKNIFTY manage to hold 49900 then we may have a chance to get short covering move towards 50650 and above levels.
• Whereas after opening if BANKNIFTY breaks 49900 then we may see more selling pressure towards minimum 49500 and below levels.
