Banknifty view for 17/05/22.
Bank nifty on a daily time frame has closed in green and above the round level of 33500.
There is a bearish moving averages divergence.
Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it.
Support :- 33300, 33000
Resistance :- 33765, 33960
The markets has faced a clear rejection on higher time frame
Wait for the price action near the levels before trading the markets.
There is a bearish moving averages divergence.
Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it.
Support :- 33300, 33000
Resistance :- 33765, 33960
The markets has faced a clear rejection on higher time frame
Wait for the price action near the levels before trading 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.