Banknifty Intraday Analysis for 07th June 2024

Nifty Bank Index (NSE:BANKNIFTY)

Updated

NSE:BANKNIFTY Nifty Bank Index

Support and Resistance Supply and Demand Trend Lines

supportandresistance supplyanddemand trendline

BANKNIFTY

Index has resistance near 49650 level and if index crosses and sustain above 48650 level then may reach near 50000 - 50200 range.

Index has immediate support near 48500 - 48250 range and if this support is broken then index may tank near 47500 level.

Trade closed: target reached:

Open flat ad made high but could not cross 50000 level.

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