Today will be flat opening in index near 48550 level. After opening this is the important support for banknifty. Any major downside only expected below this support level. If banknifty starts trading below 48450 then possible sharp downside upto 48050 level. Upside 48950 level will act as a resistance. Any upside rally can reversal from this level.
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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.