Banknifty on the daily time frame has been trading in a range for 7 days. Market is halting in on the higher levels.
There was a sell off from the initial trading hour and closed below 20 ema on hourly chart analysis.
The market has taken a nice resistance from 41450 levels and on 15 minute time frame market has closed between both the moving averages.
Support:- 41120, 41000, 40890
Resistance:- 41230, 41350, 41450
Wait for the price action near the levels before entering the market.
There was a sell off from the initial trading hour and closed below 20 ema on hourly chart analysis.
The market has taken a nice resistance from 41450 levels and on 15 minute time frame market has closed between both the moving averages.
Support:- 41120, 41000, 40890
Resistance:- 41230, 41350, 41450
Wait for the price action near the levels before entering the market.
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.
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.