BANKNIFTY Index has resistance near 54900 – 55000 range and if index crosses and sustains above this level then may reach near 55400– 55500 range.
Banknifty has immediate support near 54000 - 53900 range and if this support is broken then index may tank near 53500 - 53400 range.
Volatility expected due to expiry of the August’25 Monthly F&O Contracts and impact of imposition of additional 25% tariff or any new development on the matter.
Trade closed: target reached
Gap down opening and made high near 54380 then tank to low near 53770 and closed near 53820.
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.