BANKNIFTY Index near 58000 - 58100 resistance if Index could not break and sustain above this resistance then break down below 57700 will drag to Index down.
The upward moment may lead the Index to 58500 – 58600 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59200 – 59300 range.
On the contrary, The 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 56500 – 56400 range.
Trade closed: target reached
Open flat with high near 57825 and tank to low near 56790 with close near 57125.
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.