#BANKNIFTY BREAKDOWN 52500 STRONG LEVEL 18/07/2024
BANKNIFTY shows consolidation in the previous session level at 52500 we all know that everyone supposes the market will crash at any time and BankNifty also shows the indication of a bearish move. The 23 July is the most important day for the F&O traders this is the day the budget is announced. Then we see the market sentiments where it goes either bullish or bearish. let's come to the point that the 52500 level is strong RESISTANCE. It is hazardous to say. if the market sustains at this level even after the budget is announced and shows some positive news or feed for the market. it's an indication that the market will crash by 20%-30% plus.
L E V E L S:-
Resistance- 52500
Support- 52000
L E V E L S:-
Resistance- 52500
Support- 52000
Related publications
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.