BANKNIFTY Spot View: 04/06/2025

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BANKNIFTY Spot View: 04/06/2025
CMP: 55599.95
Moving AVG (EMA) 20 Hour & 40 Hour: 55644 & 55547
Moving AVG (EMA) 20 Day & 40 Day: 55151 & 54237
Support & Downside Range: 55350--55000--54570
Resistance & Upside Range: 56115—56350--56500
Short Term Trend Reversal Level: --

Trading View Summary:
NO CHANGE IN VIEW & LEVELS
•  BANKNIFTY looks stronger compare to NIFTY. For today's intraday session key level to watch is 55350 spot levels. After opening if this support manage to hold then we may see a leadership move to come from BANKNIFTY which may take it towards minimum 56115 to 56350 and maximum 56500 and above levels.
•  Whereas after opening if 55350 gets break on 1hr sustain basis then once again BANKNIFTY trend turns sideways for remaining hours of the day and we may see another non trending day in the markets.

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