Support-36800-36900 Resistance- 38000 Banknifty is at crucial | Stock Shiksha
Support-36800-36900 Resistance- 38000
Banknifty is at crucial resistance level. Closing above 38000 will trigger stop loss of sell side trade. Due to US- China tension over Taiwan, banknifty is expected to open with small gap down. PCR is at 1.26 and RSI is at 76. Both data show banknifty is also overbought and there will pause. Buying level is around 36800-36900 zone. On higher side selling looks good with stop loss above 38000.
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