Banknifty analysis for 03/01/2025.
Banknifty is trading in a range is trading around the resistance zone.
If their is a upside break out in the index, a trending move can be seen in it. Otherwise, another side way market will be there.
Moving averages are around the closing price and EMA strategy may also be implied in capturing the move.
Major levels
Resistance :- 51835, 52090
Support :- 50650, 50000
Wait for the pirce action near the levels before entering the markets.
If their is a upside break out in the index, a trending move can be seen in it. Otherwise, another side way market will be there.
Moving averages are around the closing price and EMA strategy may also be implied in capturing the move.
Major levels
Resistance :- 51835, 52090
Support :- 50650, 50000
Wait for the pirce action near the levels before entering the markets.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.