Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 48950 level then expected sharp downside rally in index upto 48550 level. This downside rally can be extend for further 400-500+ points downside in case banknifty gives breakdown of 48450 level. Any bullish side rally only expected if it is starts trading and sustain above the 49050 level. Upside 49450 level will act as a strong resistance for today's session.
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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.