BANKNIFTY Spot View: 25/03/2025
CMP: 51704.95
Moving AVG (EMA) 20 Hour & 40 Hour: 50816 & 50153
Moving AVG (EMA) 20 Day & 40 Day: 49285 & 49318
Support & Downside Range: 51285—50910--50290
Resistance & Upside Range: 51900---52185--52800
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51900 as resistance & 51285 as support.
• After opening if BANKNIFTY holds 51285 and manage to move above 51900 on 1hr sustain basis then ongoing move can extend towards minimum 52185 and above levels.
• Whereas after opening if BANKNIFTY holds 51900 and manage to break 51285 on 1hr sustain basis then we may see cooling off pullback move towards 50910 to 50290 spot levels.
• so understand the importance of key levels given here.
CMP: 51704.95
Moving AVG (EMA) 20 Hour & 40 Hour: 50816 & 50153
Moving AVG (EMA) 20 Day & 40 Day: 49285 & 49318
Support & Downside Range: 51285—50910--50290
Resistance & Upside Range: 51900---52185--52800
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 51900 as resistance & 51285 as support.
• After opening if BANKNIFTY holds 51285 and manage to move above 51900 on 1hr sustain basis then ongoing move can extend towards minimum 52185 and above levels.
• Whereas after opening if BANKNIFTY holds 51900 and manage to break 51285 on 1hr sustain basis then we may see cooling off pullback move towards 50910 to 50290 spot levels.
• so understand the importance of key levels given here.
Donot trade against the trend.
But one thing— market is over stretched now.
Keep SL tight depending upon your time horizon.
