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Banknifty tip for 09 Apr 2025

BANKNIFTY Spot View: 09/04/2025
CMP: 50511
Moving AVG (EMA) 20 Hour & 40 Hour: 50551 & 50762
Moving AVG (EMA) 20 Day & 40 Day: 50407 & 50024
Support & Downside Range: 50100—49725--49175
Resistance & Upside Range: 51360—51700--52200
Short Term Trend Reversal Level: --

Trading View Summary:
•  For today's intraday trading session key level to watch is 50100-49725 support zone.
•  After opening if this support manage to hold then BANK NIFTY may try to move upside towards 51360 to 51700 spot levels.
•  Whereas after opening if 50100—49725 breaks on 1hr sustain basis then selling pressure may build again and we may retest 49175 and below levels.

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