Banknifty view for 31/05/22.
Bank nifty opened gap up but couldn't hold the level of 36000.
Bank nifty was weak as conpare to nifty and closed below its 200 DMA.
On 15 minute analysis, it closed below 20 ema.
Support :- 35800, 35660, 35400
Resistance :- 36000, 36230
Nifty and banknifty both traded in opposite directions.
Wait and watch the price action near the levels before trading the market.
Bank nifty was weak as conpare to nifty and closed below its 200 DMA.
On 15 minute analysis, it closed below 20 ema.
Support :- 35800, 35660, 35400
Resistance :- 36000, 36230
Nifty and banknifty both traded in opposite directions.
Wait and watch the price action near the levels before trading the market.
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