#BANKNIFTY Spot View: 03/09/2025
Moving AVG (EMA) 20 Hour & 40 Hour: 53953 & 54222
Moving AVG (EMA) 20 Day & 40 Day: 54965 & 55413
Short Term Trend Reversal Level: --
53450 — 53000 — 52750
54165 — 54350 — 54685
Trading View Summary
- BANKNIFTY has been the key dragger for several sessions, restricting NIFTY’s upward movement.
- In the previous session, an inter-index divergence emerged: NIFTY held its recent swing low, whereas BANKNIFTY broke below it.
- This signals that the ongoing selling pressure may be nearing a short-term pause, and market stability could soon follow.
- For today, the crucial levels to monitor are 54165 (resistance) and 53450 (support). A move above 54165 will be the first sign of stability; until then, selling pressure is expected to persist.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services