BANKNIFTY Spot View: 04 September 2025
CMP: 54,067.55
Moving Averages (EMA):
20 Hour: 53,890 | 40 Hour: 54,103
20 Day: 54,879 | 40 Day: 55,347
Moving Averages (EMA):
20 Hour: 53,890 | 40 Hour: 54,103
20 Day: 54,879 | 40 Day: 55,347
Key Support & Resistance
Support & Downside Range: 53,565 – 53,450 – 53,000 – 52,750
Resistance & Upside Range: 54,165 – 54,560 – 54,750 – 55,000
Resistance & Upside Range: 54,165 – 54,560 – 54,750 – 55,000
Short-Term Trading Outlook
Yesterday, it was highlighted that inter-index divergence between BANKNIFTY and NIFTY was visible, and both indices closed positively.
For today’s session, the key support to watch is 53,565 spot (yesterday’s low). If this level holds and BANKNIFTY sustains above 54,165 on a 30-minute to 1-hour closing basis, we may witness a strong short covering rally.
Such a move can push BANKNIFTY towards 54,560 – 54,750 and potentially up to 55,000 levels. Fresh weakness will emerge only if the index breaks below 53,565.
For today’s session, the key support to watch is 53,565 spot (yesterday’s low). If this level holds and BANKNIFTY sustains above 54,165 on a 30-minute to 1-hour closing basis, we may witness a strong short covering rally.
Such a move can push BANKNIFTY towards 54,560 – 54,750 and potentially up to 55,000 levels. Fresh weakness will emerge only if the index breaks below 53,565.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
Tags: Bank Nifty, Nifty, Market View, Technical Analysis, Support and Resistance, Trading Strategy
