So as we see the 15min timeframe chart of the Banknifty, we can see that there are an important support and resistance levels. If the banknifty tomorrow opens btween this support and resistance and breaks this levels, it can give a good momentum in the respective direction. However, considering the trend of the market, there is a high chance of success, if the market gives upside breakout. So be careful while trading a short position.
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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.