Banknifty Trading Tip for 01 Apr

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BANKNIFTY Spot View: 01/04/2025
CMP: 51564.85
Moving AVG (EMA) 20 Hour & 40 Hour: 51495 & 51203
Moving AVG (EMA) 20 Day & 40 Day: 50013 & 49712
Support & Downside Range: 51030—50395--49880
Resistance & Upside Range: 52185--52800
Short Term Trend Reversal Level: --

Trading View Summary:
•  For today's intraday trading session key level to watch is 51030 as support.
•  After opening if BANKNIFTY manage to hold 51030 then we may once again move higher towards 52185 and above levels.
•  Whereas after opening if BANKNIFTY breaks 51030 then we may fall towards 50395 to 49880 as part of pullback.

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