Banknifty daily analysis for 14/06/23.
A bullish engulfing marabozu candle is there on the daily charts of Banknifty. Market has taken a nice support from 20 ema and given a nice bullish move after touch the support.
On the hourly charts, BN remained in a range and given a nice move in the last hour of the trading session and closed above the 20 ema.
Even on 15 minutes chart, the market has closed above both the moving averages. But still it around the resistance zone.
Support :- 43940, 43820
Resistance :- 44120-170, 4435
Wait for the price action near the levels before entering.
Support and resistance are in small range. Book target or trail SL.
On the hourly charts, BN remained in a range and given a nice move in the last hour of the trading session and closed above the 20 ema.
Even on 15 minutes chart, the market has closed above both the moving averages. But still it around the resistance zone.
Support :- 43940, 43820
Resistance :- 44120-170, 4435
Wait for the price action near the levels before entering.
Support and resistance are in small range. Book target or trail SL.
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