BANKNIFTY Index has resistance near 54800 – 54900 range and if index crosses and sustains above this level then may reach near 55300– 55400 range.
Banknifty has immediate support near 55000 - 54900 range and if this support is broken then index may tank near 53500 - 53400 range.
Oversold zone, bounce back expected with profit booking on high zone as F&O expiry is nearing.
Trade closed: target reached
Gap up opening with high near 54685 and made low near 54225 and closed near 54460.
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.