BANKNIFTY Index has resistance near 57900 – 58000 range and if index crosses and sustains above this level then may reach near 58400 – 58500 range.
Banknifty has immediate support near 57100 - 57000 range and if this support is broken then index may tank near 56600 - 56500 range.
Overall sentiment of the market is sideways to negative and selling is expected if the market reaches near resistance level.
Trade closed: target reached
Gap down opening and made low near 57160 then bounced and made high near 58000 and closed near 57875.
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.