BANKNIFTY Spot View: 30/07/2025
CMP: 56222
Moving AVG (EMA) 20 Hour & 40 Hour: 56317 & 56502
Moving AVG (EMA) 20 Day & 40 Day: 56688 & 56372
Support & Downside Range: 56000—55800—55480
Resistance & Upside Range: 56390—56630--56825
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session BANKNIFTY manage to hold the bulls last hope support zone of 56000—55800 it posted a low of 55840 and close at day high's now for today's session and sessions to come 56000—55800 becomes a mom dad support to watch on 1hr sustain basis and closing basis. If BANKNIFTY manage to hold this support then consider correction is done and we may move higher.
• Whereas if it fail to hold the given support zone on sustain basis and closing basis then we may open the door towards 55000 and below levels. So understand the importance of 56000—55800 support zone now.
