BANKNIFTY Spot View: 21/05/2025

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BANKNIFTY Spot View: 21/05/2025
CMP: 54932.35
Moving AVG (EMA) 20 Hour & 40 Hour: 55179 & 55115
Moving AVG (EMA) 20 Day & 40 Day: 54519 & 53425
Support & Downside Range: 54800--54475
Resistance & Upside Range: 55700--56115
Short Term Trend Reversal Level: --

Trading View Summary:
•  For todays intraday trading session key level to watch is 54800 spot levels on daily closing basis. If this support manage to hold then we may once again move higher towards 55700 and above levels whereas if 54800 breaks on closing basis then trend turns sideways and we may retest 54475 and lower levels before we start next leg up move.

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