BANKNIFTY Spot View: 20/01/2025
CMP: 48540.60
Moving AVG (EMA) 20 Hour & 40 Hour: 48787 & 48953
Moving AVG (EMA) 20 Day & 40 Day: 49999 & 50751
Support & Downside Range: 47700—47400--47000
Resistance & Upside Range: 49340—49790--50400
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 49340—49790 as resistance zone.
• As long as BANKNIFTY is trading below this rest zone its trend remains sell on rise for downside 47700—47400 and below levels.
• Whereas after opening if BANKNIFTY manage to move above 49790 on 1hr sustain basis then intraday trend turns sideways for remaining hours of the day. so understand the importance of 49340—49790 rest zone.
