Banknifty Tip : 21 Apr

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BANKNIFTY Spot View: 21/04/2025
CMP: 54290.20
Moving AVG (EMA) 20 Hour & 40 Hour: 53059 & 52325
Moving AVG (EMA) 20 Day & 40 Day: 51195 & 50529
Support & Downside Range: 53800—53400 zone, 52740—52200--51470
Resistance & Upside Range: 54570—55210--56240
Short Term Trend Reversal Level: --

Trading View Summary:
•  For today's intraday trading session key level to watch is 53800—53400 support zone.
•  After opening if this support zone manage to hold on 1hr sustain basis then ongoing trend remains continue and banknifty can show extension move towards minimum 54570 to 55210 and maximum 56240 spot levels.
•  Whereas after opening if 53800—53400 breaks on 1hr sustain basis then we may see a pullback move and bank nifty can fall towards minimum 52740 to 52200 spot levels.

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