BANKNIFTY Spot View: 14/01/2025
CMP: 48041.25
Moving AVG (EMA) 20 Hour & 40 Hour: 48810 & 49356
Moving AVG (EMA) 20 Day & 40 Day: 50578 & 51178
Support & Downside Range: 47700—47400 zone, 46350
Resistance & Upside Range: 48400—48700 zone, 48940—49275 zone
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 48940—49275 as rest zone & 48400—48700 as immediate trading resistance.
• As long as BANKNIFTY is trading below 48940—49275 its trend remains sell on rise in any bounce towards minimum 47700 to 47400 and maximum 43650 spot levels.
• Whereas after opening if BANKNIFTY manage to move above 48940—49275 spot levels on sustain basis then only intraday trend turns sideways to bullish for remaining hours of the day.
CMP: 48041.25
Moving AVG (EMA) 20 Hour & 40 Hour: 48810 & 49356
Moving AVG (EMA) 20 Day & 40 Day: 50578 & 51178
Support & Downside Range: 47700—47400 zone, 46350
Resistance & Upside Range: 48400—48700 zone, 48940—49275 zone
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 48940—49275 as rest zone & 48400—48700 as immediate trading resistance.
• As long as BANKNIFTY is trading below 48940—49275 its trend remains sell on rise in any bounce towards minimum 47700 to 47400 and maximum 43650 spot levels.
• Whereas after opening if BANKNIFTY manage to move above 48940—49275 spot levels on sustain basis then only intraday trend turns sideways to bullish for remaining hours of the day.
