BANKNIFTY Spot View: 4/12/2024
CMP: 52695.75
Moving AVG (EMA) 20 Hour & 40 Hour: 52325 & 52117
Moving AVG (EMA) 20 Day & 40 Day: 51703 & 51649
Support & Downside Range: 51685—51500--51175
Resistance & Upside Range: 52865—53463--53750
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 51685 support.
• As long as BANKNIFTY trades above this support zone its trend remains bullish for upside 52865 and above levels.
• Whereas after opening if it breaks 51685 on 30 mins to 1hr sustain basis then trend turns sideways for remaining hours of the day.
