CNXFINANCE Index has resistance near 26000 - 26050 range and if index crosses and sustains above this level then may reach near 26350 - 26400 range.
Support is expected near 25400 – 25350 range and if this support is broken then index may tank near 25050 – 25000 range.
The market is waiting for a definitive resolution to the West Asia conflict. Any upward movement is expected to face profit-booking until there is greater clarity.
Trade closed: target reached
Gap up opening and made low near 25830 then bounced to high near 26450 on news of consensum between US and Iran to end war with close near 26395.
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.