BANKNIFTY Index has resistance near 56700 – 56800 range and if index crosses and sustains above this level then may reach near 57200 – 57300 range.
Banknifty has immediate support near 55750 - 55650 range and if this support is broken then index may tank near 55200 - 55100 range.
High volatility expected due to the fresh escalation of the Israel Iran war.
Trade closed: target reached
Gap down opening with low near 55780 then bounced and made high near 56235 and closed near 56060.
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.