BANKNIFTY Bearish Trend expected due to Israel Iran conflict in Middle east.
Banknifty has immediate support near 55100 - 55000 range and if this support is broken then index may tank near 54600 - 54500 range.
Index has resistance near 55900 – 56000 range and if index crosses and sustains above this level then may reach near 56400 – 56500 range.
Trade closed: target reached
Open flat then made low near 55380 then bounced and made high near 56000 and closed near 56945.
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.