BANKNIFTY Index is overbought and profit booking is expected from the top.
A downward moment may drag the Index to 57300 – 57200 support range in downward momentum and if this support is broken then the index may tank near the 56600 – 56500 range.
On the contrary, 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 59300 – 59400 range.
Trade closed: target reached
Gap down opening with high near 57805 and further tank to low near 57465 with close near 57685.
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.