BANKNIFTY Market volatility is expected after the US FOMC meeting scheduled tonight, particularly in response to any rate cuts and the Federal Reserve's commentary.
Index has resistance near 58800 – 58900 range and if index crosses and sustains above this level then may reach near 59300 – 59400 range.
Banknifty has immediate support near 58000 - 57900 range and if this support is broken then index may tank near 57500 - 57400 range.
Trade closed: target reached
Gap down opening with high near 58330 and further tank to low near 58000 with close near 58030.
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.
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.