Banknifty view for 01/08/2022
Banknifty on monthly and weekly chart has given a strong closing and has closed just below 37500 levels.
The markets are looking bullish even on higher time frames.
Banknifty has filled the gap and a closed only 100 up.
The market has traded around its 20 ema on 15 minute time frame.
Support :- 37400, 37160, 36900
Resistance :- 37530, 37965
The markets are bullish and a nice monthly candle confirms the bullish trend.
Wait for the price action near the levels before entering the markets.
The markets are looking bullish even on higher time frames.
Banknifty has filled the gap and a closed only 100 up.
The market has traded around its 20 ema on 15 minute time frame.
Support :- 37400, 37160, 36900
Resistance :- 37530, 37965
The markets are bullish and a nice monthly candle confirms the bullish trend.
Wait for the price action near the levels before entering the markets.
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.