BANKNIFTY Spot View: 03/07/2025
CMP: 56999.20
Moving AVG (EMA) 20 Hour & 40 Hour: 57179 & 57054
Moving AVG (EMA) 20 Day & 40 Day: 56466 & 55722
Support & Downside Range: 56650—56280
Resistance & Upside Range: 57630--58000
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 56650 as support on daily closing basis. After opening if this support manage to hold then we have to assume that pullback move is over and now once again BANKNIFTY can move higher towards 57630 and above levels in days to come.
• Whereas after opening if 56650 breaks on closing basis then we may see another round of strong range bound session and market may remain non trending for next couple of days.
CMP: 56999.20
Moving AVG (EMA) 20 Hour & 40 Hour: 57179 & 57054
Moving AVG (EMA) 20 Day & 40 Day: 56466 & 55722
Support & Downside Range: 56650—56280
Resistance & Upside Range: 57630--58000
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 56650 as support on daily closing basis. After opening if this support manage to hold then we have to assume that pullback move is over and now once again BANKNIFTY can move higher towards 57630 and above levels in days to come.
• Whereas after opening if 56650 breaks on closing basis then we may see another round of strong range bound session and market may remain non trending for next couple of days.
