BANKNIFTY Index has resistance near 57600 – 57700 range and if index crosses and sustains above this level then may reach near 58200 – 58300 range.
Banknifty has immediate support near 56850 - 56750 range and if this support is broken then index may tank near 56300 - 56200 range.
Any positive news on India US trade deal will lift the market otherwise the same sideways market is expected.
Trade closed: target reached
Gap up opening with high near 57365 then tank to low near 56885 and closed near 56955.
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.