BANKNIFTY Index has resistance near 55050 – 55150 range and if index crosses and sustains above this level then may reach near 55550– 55650 range.
Banknifty has immediate support near 54250 - 54150 range and if this support is broken then index may tank near 53750 - 53650 range.
Market will react to the RBI MPC outcome, specially on FY 2025-26 economic outlook, inflation etc data.
Trade closed: target reached
Open flat with low near 54585 then made high near 55405 and closed near 55350 on RBI MPC outcome news.
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.