Banknifty opened around the level of 33580 and consolidated whole day. Banknifty is weaker than nifty and have closed below its 20 DMA.
The market consolidated around the 20 ema on hourly time frame and in the few minutes crossed and closed above it.
On 15 minute time frame, it closed around 20 ema.
Support:- 33520, 33450, 33210
Resistance:-33700-50, 33954, 34120
Wait for the price action near the levels before entering the markets.
The market consolidated around the 20 ema on hourly time frame and in the few minutes crossed and closed above it.
On 15 minute time frame, it closed around 20 ema.
Support:- 33520, 33450, 33210
Resistance:-33700-50, 33954, 34120
Wait for the price action near the levels before entering the markets.
