BANKNIFTY Spot View: 06/06/2025

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BANKNIFTY Spot View: 06/06/2025
CMP: 55760.85
Moving AVG (EMA) 20 Hour & 40 Hour: 55700 & 55628
Moving AVG (EMA) 20 Day & 40 Day: 55254 & 54378
Support & Downside Range: 55350--55000--54570
Resistance & Upside Range: 56115—56350--56500
Short Term Trend Reversal Level: --

Trading View Summary:
•  Ahead of RBI Policy downside 55350 should act as immediate trading support only break below trend goes sideways for the day. Whereas after policy if 55350 manage to hold then possibility is there BANKNIFTY may show leadership and try to move upside towards 56115 and above levels.

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