BANKNIFTY Index has resistance near 56500 – 56600 range and if index crosses and sustains above this level then may reach near 57000 – 57100 range.
Banknifty has immediate support near 55600 - 55500 range and if this support is broken then index may tank near 55100 - 55000 range.
Trade closed: target reached
Gap down opening and further tank to low near 55165 then bounced and made high near 55690 and closed near 55525.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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
Request for follow on X @rkmaurya_ra
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.