Banknifty daily analysis for 29/11/22
Banknifty on the daily time frame has given a bullish moment after a gap down and closed almost flat gaining 36 points.
On the hourly time frame, the market crossed the 20 ema after a gap down and closed near the levels.
The market whole day traded around the 20 ema (15 minute time frame) and closed below the moving average.
Support :- 42950, 42770, 42675
Resistance :- 43135, 43220
The markets are waiting near the higher levels and can give another bullish move after the consolidation.
Wait for the price action near the levels before entering the markets.
On the hourly time frame, the market crossed the 20 ema after a gap down and closed near the levels.
The market whole day traded around the 20 ema (15 minute time frame) and closed below the moving average.
Support :- 42950, 42770, 42675
Resistance :- 43135, 43220
The markets are waiting near the higher levels and can give another bullish move after the consolidation.
Wait for the price action near the levels before entering the markets.
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