Banknifty Trading Tip : 24 Mar 2025

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BANKNIFTY Spot View: 24/03/2025
CMP: 50593.55
Moving AVG (EMA) 20 Hour & 40 Hour: 50022 & 49553
Moving AVG (EMA) 20 Day & 40 Day: 49030 & 49156
Support & Downside Range: 50275—50000 zone, 49645--49335
Resistance & Upside Range: 50650—50800—51105--51370
Short Term Trend Reversal Level: --

Trading View Summary:
•  For today's intraday trading session key level to watch is 50275--50000 support zone.
•  After opening if this support zone manage to hold then we may move higher with extension towards 50650—50800 minimum and maximum 51105 to 51370
•  Whereas after opening if BANKNIFTY breaks 50275--50000 then we may see cool off pullback towards 49645 to 49335 spot levels.

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