BANKNIFTY Spot View: 03/01/2025
CMP: 51605.55
Moving AVG (EMA) 20 Hour & 40 Hour: 51217 & 51237
Moving AVG (EMA) 20 Day & 40 Day: 51741 & 51874
Support & Downside Range: 51080—51000 zone, 50480
Resistance & Upside Range: 51980—52210--52760
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51980 as resistance.
• After opening if 51980 holds then once again BANKNIFTY may try to put pressure on the market and fresh leg of selling pressure may starts.
• Whereas after opening if 51980 breaks then this rally turns in complex extended bounce and in that case BANKNIFTY can move upside towards minimum 52210 to maximum 52760 spot levels.
CMP: 51605.55
Moving AVG (EMA) 20 Hour & 40 Hour: 51217 & 51237
Moving AVG (EMA) 20 Day & 40 Day: 51741 & 51874
Support & Downside Range: 51080—51000 zone, 50480
Resistance & Upside Range: 51980—52210--52760
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51980 as resistance.
• After opening if 51980 holds then once again BANKNIFTY may try to put pressure on the market and fresh leg of selling pressure may starts.
• Whereas after opening if 51980 breaks then this rally turns in complex extended bounce and in that case BANKNIFTY can move upside towards minimum 52210 to maximum 52760 spot levels.
