Banknifty is looking positive, but as we have already discussed in the Nifty weekly analysis about global uncertainty ,we can expect Banknifty to form a low near 50540 . But if Banknifty breaches 50544, then we can witness a new range to open , which I have specially marked below . There are 3 levels to watch in Banknifty if it breaks below 50544:
1.) 50028
2.) 49392
3.) 48922
But if Banknifty manages to secure 50544, then we can expect a green weekly closing in Banknifty.
1.) 50028
2.) 49392
3.) 48922
But if Banknifty manages to secure 50544, then we can expect a green weekly closing in Banknifty.
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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.