BANKNIFTY The uptrend is expected to continue; therefore, any gap-down opening will be seen as a fresh entry opportunity.
The upward moment may lead the Index to 58600 – 58700 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59400 – 59500 range.
On the contrary, a downward moment may drag the Index to 57200 – 57100 support range in downward momentum and if this support is broken then the index may tank near the 56400 – 56300 range.
Trade closed: target reached
Open flat with low near 57940 then made high near 58475 with close near 58290.
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.