BANKNIFTY Index has resistance near 54500 – 54600 range and if index crosses and sustains above this level then may reach near 55000– 55100 range.
Banknifty has immediate support near 53600 - 53500 range and if this support is broken then index may tank near 53100 - 53000 range.
Volatility may increase with downside risk if any fresh news emerges on tariff war.
Trade closed: target reached
Gap up opening with high near 54450 due to announcement of GST reduction of consumption commodities but could not sustain and tank to low near 53970 with close near 54075.
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.