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.
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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.