BANKNIFTY Index has resistance near 55800 – 55900 range and if index crosses and sustains above this level then may reach near 56400– 56500 range.
Banknifty has immediate support near 55000 - 54900 range and if this support is broken then index may tank near 54500 - 54400 range.
Volatility expected due to probable tariff escalation from the US President on imports from India.
Trade closed: target reached
Gap down opening and further tank to low near 54975 then bounced to make high near 55615 and closed near 55520.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.