BANKNIFTY Index is near 57300 - 57400 resistance zone and if the Index breaks and sustains above this zone.
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 moment in range with low near 57465 with close near high 58250.
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.