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Nifty Bank Index
Updated

Banknifty Intraday Analysis for 06th June 2024

66
BANKNIFTY

Index has resistance near 49600 level and if index crosses and sustain above 48600 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
Gap up opening but could not sustain above 49600 resistance level and closed near 49330.
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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Supply and DemandSupport and ResistanceTrend Lines

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.
Supply and DemandSupport and ResistanceTrend Lines
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra
Also on:

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.