Banknifty view for 04/07/22
Banknifty has formed an engulfing candle. It remained in bull trend after and initial gap down and gained 500+ points from days low.
On hourly analysis the markets remained in a uptrend and closed above 33500.
On 15 minute time frame, the moving averages are close and it has closed above the EMAs
Support:- 33520, 33210
Resistance:- 33750, 33970-34000
Wait for the price action near the levels before entering the markets.
On hourly analysis the markets remained in a uptrend and closed above 33500.
On 15 minute time frame, the moving averages are close and it has closed above the EMAs
Support:- 33520, 33210
Resistance:- 33750, 33970-34000
Wait for the price action near the levels before entering the markets.
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.