BANKNIFTY exhibits tactical buy-side potential with strong gap-up momentum breaking above key 50-DEMA resistance (~51,565) alongside bullish MACD crossover confirmation and RSI(14) at 72.88 signaling sustained upward thrust despite overbought Stochastic %K (79.74), validated by 10/20 EMA alignment above pivot levels. Volume surge above average 337,912 contracts confirms institutional accumulation as price action holds day low ₹51,420 support, targeting R1 52,300-52,800 resistance zone (1.5-2.5% upside) on continued momentum above 51,800 psychological level with multiple timeframe bullish convergence.Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Comments
One response to “BANKNIFTY 28APR26 55000 CE”
REVISE SL TO 200