CMP: 53266.90
Moving AVG (EMA) 20 Hour & 40 Hour: 52727 & 52410
Moving AVG (EMA) 20 Day & 40 Day: 51846 & 51725
Support & Downside Range: 52700--52550
Resistance & Upside Range: 53463—53750--54000
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 52700—52550 support zone.
• As long as BANKNIFTY trades above this support zone its trend remains bullish for upside minimum 53463 to 53750 and max 54000 spot levels.
• Whereas after opening if it breaks 52700--52550 on 30 mins to 1hr sustain basis then trend turns sideways for remaining hours of the day.