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 be range bound on the Nifty Weekly F&O expiry and reversal may take place from resistance or support zone.
Trade closed: target reached
Gap down opening and further tank to low near 58880 then bounced and made high near 59360 and closed near 59220.
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.