BANKNIFTY SPOT SUPPORTS

BANKNIFTY The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so I tried to find out some key levels of supports on both parameters below

PRICE ACTION SUPPORTS-:

Support 1- 41856
Support 2- 40855
Support 3- 39690

MOVING AVERAGES SUPPORTS-:

EMA 20- 43068 Status Breached
EMA 50- 42153 Status Active
EMA 100-40723 Status Active
EMA 200- 39040 Status Active

MOVING AVERAGES SUPPORTS

Comment:

PRICE ACTION SUPPORT 1 TESTED