BANKNIFTY Index has resistance near 58300 – 58400 range and if index crosses and sustains above this level then may reach near 58800 – 58900 range.
Banknifty has immediate support near 57500 - 57400 range and if this support is broken then index may tank near 57000 - 56900 range.
The market is expected to be range-bound for the next couple of days, with a decisive move on either side anticipated after the Bihar Election result outcome which is scheduled on Friday.
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Open flat with low near 57865 and made high near 58095 with close near 57940.
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
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