BANKNIFTY The market is negative due to escalations in the West Asia conflict which resulted in a jump in crude prices. Upside momentum is capped until resolution of the West Asia conflict and fall in crude prices.
A downward moment may drag the Index to 53100 – 53000 support range in downward momentum and if this support is broken then the index may tank near the 52400 – 52300 range.
On the contrary, any upward moment may lead the Index to 54300 – 54400 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 55000 – 55100 range.
Trade closed: target reached
Gap down opening and further tank to low near 53025 then recovered and made high near 54300 with close near 54185.
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.