Today will be slightly gap up opening expected in banknifty. Expected opening near 50500 level. After opening if banknifty starts trading above 50550 level then possible upside bullish rally in index. 50500 level will act as a immediate resistance. Reversal from this level can give downside potential upto 400-500 points and this can be extend further upto 49550 level in case banknifty starts trading below 49950 level in today's session.
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Related publications
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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.