Banknifty Trend Analysis for Today

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BANKNIFTY Spot View: 18/12/2024 
CMP: 53834.80
Moving AVG (EMA) 20 Hour & 40 Hour: 53146 & 53205
Moving AVG (EMA) 20 Day & 40 Day: 52753 & 52329
Support & Downside Range: 52250—51800--51165
Resistance & Upside Range: 54000--54500
Short Term Trend Reversal Level: -- 52250

Trading View Summary:
• For BANKNIFTY key level to watch is 53250 support.
• After opening if BANKNIFTY manage to hold 52250 then once again BANKNIFTY may try to move upside towards 54000 levels in days to come.
• Whereas after opening if 52250 breaks on sustain basis then more intraday selling pressure may build.

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