BANKNIFTY Spot View: 17/12/2024
CMP: 53581.35
Moving AVG (EMA) 20 Hour & 40 Hour: 53352 & 53194
Moving AVG (EMA) 20 Day & 40 Day: 52741 & 52302
Support & Downside Range: 53300—52950--52730
Resistance & Upside Range: 54000--54500
Short Term Trend Reversal Level: -- 52250
Trading View Summary:
• For BANKNIFTY key level to watch is 53300—52950 support zone.
• As long as BANKNIFTY is trading above this support zone its direction remains bullish for upside 54500 and above levels.
• Below 53300—52950 BANKNIFTY trend may turns weak for rest of the day and days to come.
