Banknifty Spot view today

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BANKNIFTY Spot View: 09/01/2025
CMP: 49835.05
Moving AVG (EMA) 20 Hour & 40 Hour: 50119 & 50447
Moving AVG (EMA) 20 Day & 40 Day: 51232 & 51574
Support & Downside Range: 49390—49000—48750--48300
Resistance & Upside Range: 50300—50550--50900
Short Term Trend Reversal Level: -- 

Trading View Summary:
• For today's intraday trading session key level to watch is 50300—50550 as rest zone.
• Any bounce near this rest zone may face a strong selling pressure and once again BANKNIFTY may try to move downside below 49390 and lower levels.
• Only close above 50550 spot levels BANKNIFTY trend may go sideways to confusing else its trend remains sell on rise.

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