Banknifty Trading Tip : Fresh Expiry begins

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BANKNIFTY Spot View: 28/02/2025
CMP: 48743.80
Moving AVG (EMA) 20 Hour & 40 Hour: 48796 & 48883
Moving AVG (EMA) 20 Day & 40 Day: 49229 & 49604
Support & Downside Range: 48290--47870
Resistance & Upside Range: 48800--49350
Short Term Trend Reversal Level: --

Trading View Summary:
•  For today's intraday trading session key level to watch is 48290.
•  After opening if 48290 manage to hold on 1hr sustain basis then we bank nifty may try to move upside towards 48800 and above levels.
•  Whereas after opening if 48290 breaks on 1hr sustain basis then we may see lower levels in bank nifty.

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