Banknifty Trading Plan : 07 Jan 2025

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BANKNIFTY Spot View: 07/01/2025
CMP: 49922
Moving AVG (EMA) 20 Hour & 40 Hour: 50710 & 51036
Moving AVG (EMA) 20 Day & 40 Day: 51507 & 51740
Support & Downside Range: 49600—49500 Zone, 48300
Resistance & Upside Range: 50510—50750--51050
Short Term Trend Reversal Level: -- 

Trading View Summary:
•  For today's intraday trading session key level to watch is 49600—49500 zone.
•  After opening if 49600--49500 manage to hold then BAKNINFTY may try to move upside towards minimum 50510 to 50750 and maximum 51050 spot levels. 
•  Whereas after opening if 49600--49500 fail to hold then we may see follow through selling towards 48300 spot levels.

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