BANKNIFTY Index has support at 57000 and reversal from this level is expected as long as the support level is not broken.
The upward moment may lead the Index to 58000 – 58100 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 58700 – 58800 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 55800 – 55700 range.
Trade closed: target reached
Gap up opening and made high near 57705 then drag to low near 57430 with close near 57495.
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.