Banknifty can retrace upto 3% in the upcoming week. Single charts are indicating a sell-off . But if market sentiment remains positive, then we can expect it to remain volatile and flat .
Levels to watch on the downside are:
1.)54087
2.)53775
3.)53525
4.)53244
These are the levels which will act as a support and can become a probable zone for short covering.
Upside: If due to any factor, only above 55050 and upto the previous high of 45150-300.
Levels to watch on the downside are:
1.)54087
2.)53775
3.)53525
4.)53244
These are the levels which will act as a support and can become a probable zone for short covering.
Upside: If due to any factor, only above 55050 and upto the previous high of 45150-300.
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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
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.