Banknifty daily analysis for 25/11/22

NSE:BANKNIFTY   Nifty Bank Index
Another All Time High for bank nifty and nifty is yet to test its ATH.

Banknifty on the daily time frame has given a closing above 43k levels and a bullish candle.

Index on the hourly time frame, has formed a nice price action for the up move and given considerable movement in the closing hour of the session.

The moment is still lagging on the intraday prospect. But the markets are reaching new high day after day.

On 15 minute time frame, banknifty took support from the 20 ema and gave a nice up move of around 200 points.

Support :- 43000, 42840,42640
Resistance :- The market is at ATH.

Wait for the price action near the levels before entering the markets.

Take bullish trades only when day's high is taken out.


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