BANKNIFTY Index is in downward momentum and uptrend expected if Index sustains above 57500 level.
The upward moment may lead the Index to 57800 – 57900 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 58500 – 58600 range.
On the contrary, The downward moment may drag the Index to 56500 – 56400 support range in downward momentum and if this support is broken then the index may tank near the 55700 – 55600 range.
Trade closed: target reached
Gap down opening with high near 56930 and further tank to low near 56375 with close near 56590.
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.