Banknifty gave a nice upmove after the gap down of more than 800 points.
It closed below the 20 DMA and got a nice rejection from the level.
The market consolidated whole day and remained between 20 and 200 ema.
On 15 minute time frame analysis, Banknifty got a nice rejection from its 20 ema and closed around it.
Support:- 38230,38120,38000,37840
Resistance:- 38350,38510,38760
Wait for the price action near the levels before entering the markets.
It closed below the 20 DMA and got a nice rejection from the level.
The market consolidated whole day and remained between 20 and 200 ema.
On 15 minute time frame analysis, Banknifty got a nice rejection from its 20 ema and closed around it.
Support:- 38230,38120,38000,37840
Resistance:- 38350,38510,38760
Wait for the price action near the levels before entering the markets.
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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.
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.