As evident in the chart, Banknifty is close to the major support of 23100. It is very likely to touch the support of 23100. If supported by US Election results and overall international sentiment, it can move up to 24500-25000 by month-end. In case of market sentiment turning bearish, then Banknifty will break the immediate support at 23100 and can slide all the way down to 22000 to find major support there.
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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.