Banknifty is looking in a good position for a potential upside. IMP levels to watch for upside momentum are 48870. If Banknifty successfully crosses and sustains above 48865, then we can expect levels upto 50055-50469.
Downside looks limited for this week. But if it breaches 47985, only then there will be a chance for further down move, which can drag Banknifty up to levels of 47360-46850.
Downside looks limited for this week. But if it breaches 47985, only then there will be a chance for further down move, which can drag Banknifty up to levels of 47360-46850.
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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.