BANKNIFTY Spot View: 03/02/2025
CMP: 49506.95
Moving AVG (EMA) 20 Hour & 40 Hour: 49395 & 49207
Moving AVG (EMA) 20 Day & 40 Day: 49336 & 49993
Support & Downside Range: 48500—48300 zone, 47840
Resistance & Upside Range: 49700--50390
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 48500—48300 support zone.
• After opening if BANKNIFTY manage to hold 48500—48300 on closing basis then once again we may move higher towards 50390 and above levels in days to come.
• Whereas after opening if BANKNIFTY breaks 48500—48300 on daily closing basis then selling pressure can build in banking stocks.
