Banknifty (Weekly analysis)
Here, Banknifty has two resistance levels at around 42000 which is also a double top and support levels are at around 39500-39700 . A good buy if it breaks above 42021.55 for target of 43055 with SL of 150 - 200 points. And good sell if the price gets rejected from its major resistance level, which is 42021.55 for target of 1000 points.
Trade wisely at your own risk appetite,
Good luck, Jai Hind.
Trade wisely at your own risk appetite,
Good luck, Jai Hind.
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.