BANKNIFTY Global uncertainty has increased due to a fresh escalation between the US and Iran, which is expected to trigger market volatility. Consequently, markets may edge lower ahead of the weekend if the conflict intensifies further. However, any positive signals from either side before the closing bell could lift market sentiment.
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, a downward moment may drag the Index to 56500 – 55400 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 with low near 57575 and made high near 58250 with close near 58045.
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
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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.