Banknifty analysis for 03/01/2025.

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Banknifty is trading in a range is trading around the resistance zone.

If their is a upside break out in the index, a trending move can be seen in it. Otherwise, another side way market will be there.

Moving averages are around the closing price and EMA strategy may also be implied in capturing the move.

Major levels
Resistance :- 51835, 52090
Support :- 50650, 50000

Wait for the pirce action near the levels before entering the markets.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.