NSE:BANKNIFTY Index has strong resistance near 58000 and support near 57000 level and round bound moment expected as long as Index is in this range. The upward moment may lead the Index to 58000 – 58100 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 58700 – 58800 range. On the contrary, The downward moment may drag the Index to 56500 – 56400 support range in downward momentum and if this support is broken then the index may tank near the 55800 – 55700 range.
This is a summary. For the full story, refer to the original source. Public of India presents verified citizen-relevant reporting.