Banknifty has formed a bearish engulfing candle on a daily time frame and broke down the crucial level of 35000.
There is a bearish moving averages cross over on hourly time frame.
The market in the last hour consolidated and the market can remain bearish for next trading session.
Support:- 34800, 34550
Resistance:- 35000, 35200
Wait for the price action near the levels before entering the markets.
There is a bearish moving averages cross over on hourly time frame.
The market in the last hour consolidated and the market can remain bearish for next trading session.
Support:- 34800, 34550
Resistance:- 35000, 35200
Wait for the price action near the levels before entering the markets.
