BANKNIFTY Volatility is expected as per the outcome of the US Mid Term election outcome and Index has support near 55000 level which is expected to be respected in cool down else further downside is expected. On the upside, Index has strong resistance in the 56000 - 56100 range and further upside momentum is only expected if Index breaks and sustains above this resistance.
The upward moment may lead the Index to 56300 – 56400 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 57000 – 57100 range.
On the contrary, the downward moment may drag the Index to 54700 – 54600 support range in downward momentum and if this support is broken then the index may tank near the 54000 – 53900 range.
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Open flat with low near 55295 and made high near 55945 with close near 55915.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.