Banknifty view 12 Feb 2025

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BANKNIFTY Spot View: 12/02/2025
CMP: 49403.40
Moving AVG (EMA) 20 Hour & 40 Hour: 49716 & 49791
Moving AVG (EMA) 20 Day & 40 Day: 49610 & 49968
Support & Downside Range: 49235—48750--48440
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 49235—48750 support zone.
•  After opening if BANKNIFTY manage to hold this support zone then still have a chance to move upside towards 50390 and above levels.
•  Whereas after opening if BANKNIFTY fail to hold 49235—48750 on closing basis then we can fall further towards 48400 and lower levels.

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