BANKNIFTY Index has resistance near 55900 – 56000 range and if index crosses and sustains above this level then may reach near 56400– 56500 range.
Banknifty has immediate support near 55100 - 55000 range and if this support is broken then index may tank near 54600 - 54500 range.
Market specially IT stocks will react to imposition of exorbitant H-1B Visa fee by US and expected to open down.
Trade closed: target reached
Open flat and made high near 56665 and tank to low near 55215 with close near 55285.
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.