Banknifty is looking positive, but as we have already discussed in the Nifty weekly analysis about global uncertainty ,we can expect Banknifty to form a low near 50540 . But if Banknifty breaches 50544, then we can witness a new range to open , which I have specially marked below . There are 3 levels to watch in Banknifty if it breaks below 50544:
1.) 50028
2.) 49392
3.) 48922
But if Banknifty manages to secure 50544, then we can expect a green weekly closing in Banknifty.
1.) 50028
2.) 49392
3.) 48922
But if Banknifty manages to secure 50544, then we can expect a green weekly closing in Banknifty.
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