200DMA, a major hurdle for BANKNIFTY
BANKNIFTY is hovering around, where it opened today. Bears are strong, as the global ques are negative because of the going on Russia-Ukraine tussle.
The major hurdle is at the 200 DMA level at 36660. In the last trading session on Friday, BANKNIFTY retreated from the 200DMA levels.
Supertrend, Smoothed Heiken Ashi and Follow Line indicators are all in RED for BANKNIFTY in the 4-hour and daily charts.
GANN Square of 9 gives resistance levels of 36150 and after that 37100, and support levels are 35200 and later 34300.
The major hurdle is at the 200 DMA level at 36660. In the last trading session on Friday, BANKNIFTY retreated from the 200DMA levels.
Supertrend, Smoothed Heiken Ashi and Follow Line indicators are all in RED for BANKNIFTY in the 4-hour and daily charts.
GANN Square of 9 gives resistance levels of 36150 and after that 37100, and support levels are 35200 and later 34300.
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