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Banknifty Trading Tip for 04 Aug 2025

BANKNIFTY Spot View: 04/08/2025
CMP: 55617.20
Moving AVG (EMA) 20 Hour & 40 Hour: 55975 & 56165
Moving AVG (EMA) 20 Day & 40 Day: 56482 & 56306
Support & Downside Range: 55480---55250—55000--54460
Resistance & Upside Range: 55950—56150--56450
Short Term Trend Reversal Level: --
Trading View Summary:
•  For today's intraday trading session key level to watch is 55480—55250 support zone and 55950 resistance.
•  After opening if 55480—55250 manage to hold then we may see some pullback bounce towards 55950 spot levels. Whereas after opening if 55250—55000 breaks then selling pressure remains there and we may see more lower levels towards 55000 and below levels.

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