BANKNIFTY The market is expected to open flat to lower; however, a reversal from the lower levels is anticipated.
The upward moment may lead the Index to 58900 – 59000 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59600 – 59700 range.
On the contrary, a downward moment may drag the Index to 57700 – 57600 support range in downward momentum and if this support is broken then the index may tank near the 57000 – 56900 range.
Trade closed: target reached
Gap down opening then recovered to high near 58075 then further tank to low near 56550 on news of the US cancelling ceasefire with Iran, with close near 56745.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.