BANKNIFTY The market enters a range-bound moment. Rising crude prices will be the major concern.
The downward moment may drag the Index to 57400 – 57300 support range in downward momentum and if this support is broken then the index may tank near the 56700 – 56600 range.
On the contrary, 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.
Note
Above Analysis was for 14th July 2026 instead of 13th July 2026.Trade closed: target reached
Gap down opening with high near 57840 and further tank to low near 57285 with close near 57460.
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.