BANKNIFTY Index is near support, however, volatility is expected due to expiry of F&O contract on BSE on 25th June.
The upward moment may lead the Index to 57900 – 58000 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 58600 – 58700 range.
On the contrary, a downward moment may drag the Index to 56600 – 56500 support range in downward momentum and if this support is broken then the index may tank near the 55900 – 55800 range.
Trade closed: target reached
Open flat with low near 57100 and made high near 58255 with close near 58150.
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.