BANKNIFTY Index has resistance near 59650 – 59750 range and if index crosses and sustains above this level then may reach near 60150 – 60250 range.
Banknifty has immediate support near 58850 - 58750 range and if this support is broken then index may tank near 58350 - 58250 range.
Market is expected to move up in the opening and profit booking at higher levels will drag the market down in the second half or during market closing session due to the outcome of the US FOMC scheduled on 10th December 2025.
Trade closed: target reached
Gap up opening with high near 59440 then tank to low near 58855 and closed near 58960.
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.