BANKNIFTY Spot View: 01/01/2025
CMP: 50860.20
Moving AVG (EMA) 20 Hour & 40 Hour: 51050 & 51245
Moving AVG (EMA) 20 Day & 40 Day: 51833 & 51932
Support & Downside Range: 50500--49787
Resistance & Upside Range: 51150—51300--51980
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51980 as resistance.
• As long as BANKNIFTY is trading below this rest zone its intraday trend remains weak and sell on rise for 50500 and below levels.
• Whereas trend turns SIDEWAYS TO CONFUSING only if BANKNIFTY closes above 51980 spot levels.
