CMP: 56082.55
Moving AVG (EMA) 20 Hour & 40 Hour: 56397 & 56342
Moving AVG (EMA) 20 Day & 40 Day: 55740 & 54848
Support & Downside Range: 56000—55540--55090
Resistance & Upside Range: 57765--58920
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session BANKNIFTY breaks our key support of 56160 on closing basis which has open the downside risk. For today's session keep eye on 56000 spot levels on 1hr sustain basis if this holds then once again BANKNIFTY may try to find stability and tries to move up. Whereas if it breaks 56000 on sustain basis the downside risk of minimum 55540 and maximum 55090 opens.