Banknifty has finally traded near 44k level and has given another green candle on the weekly time frame.
On the hourly time frame, the market has formed a dragon fly doji and closed above 43600 level.
The market has tested the 20 ema, on hourly time frame, and gave a nice upmove.
The market after a gap up and came for selling and tested the support zone near 43400 level.
Support :-43500, 43335-43370
Resistance :- 43675, 43820
The market is forming new highs and is taking halt on the higher levels.
Banknifty has gained 1.2% on the weekly time frame and nifty has closed 1% lower.
Wait for the price action near the level before entering the level.
On the hourly time frame, the market has formed a dragon fly doji and closed above 43600 level.
The market has tested the 20 ema, on hourly time frame, and gave a nice upmove.
The market after a gap up and came for selling and tested the support zone near 43400 level.
Support :-43500, 43335-43370
Resistance :- 43675, 43820
The market is forming new highs and is taking halt on the higher levels.
Banknifty has gained 1.2% on the weekly time frame and nifty has closed 1% lower.
Wait for the price action near the level before entering the level.
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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.
Related publications
Disclaimer
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.