BANKNIFTY Index has resistance near 54100 – 54200 range and if index crosses and sustains above this level then may reach near 54600– 54700 range.
Banknifty has immediate support near 53200 - 53100 range and if this support is broken then index may tank near 52700 - 52600 range.
Fresh escalation in trade war by the US will increase volatility in the global market.
Trade closed: target reached
Open flat with low near 53560 then made high near 54135 with close near 54070.
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.