BANKNIFTY Spot View: 05/02/2025
CMP: 50157.95
Moving AVG (EMA) 20 Hour & 40 Hour: 49615 & 49414
Moving AVG (EMA) 20 Day & 40 Day: 49388 & 49987
Support & Downside Range: 49480--48900--48500—48300 zone, 47840
Resistance & Upside Range: 50390—50700--51175
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 49480 as support.
• As long as BANKNIFTY is trading above this support level its trend remains bullish for upside minimum 50390 to 50700 and maximum 51175 spot levels.
• Whereas after opening if it breaks 49480 then trend turns sideways for remaining hours of the day.
CMP: 50157.95
Moving AVG (EMA) 20 Hour & 40 Hour: 49615 & 49414
Moving AVG (EMA) 20 Day & 40 Day: 49388 & 49987
Support & Downside Range: 49480--48900--48500—48300 zone, 47840
Resistance & Upside Range: 50390—50700--51175
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 49480 as support.
• As long as BANKNIFTY is trading above this support level its trend remains bullish for upside minimum 50390 to 50700 and maximum 51175 spot levels.
• Whereas after opening if it breaks 49480 then trend turns sideways for remaining hours of the day.
