Banknifty View for 24 Apr

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BANKNIFTY Spot View: 24/04/2025
CMP: 55370.05
Moving AVG (EMA) 20 Hour & 40 Hour: 55165 & 54367
Moving AVG (EMA) 20 Day & 40 Day: 52297 & 51213
Support & Downside Range: 55070—54530--53650
Resistance & Upside Range: 56240—56500--56750
Short Term Trend Reversal Level: --

Trading View Summary:
•  For today's intraday trading session key level to watch is 55070 spot levels.
•  After opening if this support zone manage to hold on 1hr sustain basis then ongoing trend remains continue and bank nifty can show extension move towards minimum 56240 to maximum 56500 to 56750 spot levels.
•  Whereas after opening if 55070 breaks on 1hr sustain basis then we may see a pullback move and bank nifty can fall towards minimum 54530 to 53650 spot levels.

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