BANKNIFTY The Market is awaiting decisive resolution of the West Asia conflict as the Crude oil still remains above USD 100. Reduction in Crude oil prices will boost the overall market sentiment.
Index is near 53300 - 53400 support and if this support is broken then the index may drag to 52700 – 52600 support range and if this support is broken then index may tank near 51900 – 51800 range.
On the contrary, upward movement may lead the Index to 54100 – 54200 resistance range and if the index crosses and sustains above this level then may reach near 54900 – 55000 range.
Trade closed: target reached
Gap down opening with low near 52835 then recovered with high near 53640 with close near 53560.
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.