Banknifty after 2 days of consolidation has given a gap up above the resistance level of 40700
The market in the second half has given a nice up move.
On the hourly time frame, the market has closed above 40850 level.
The market on the 15 minute time frame has taken a nice support from its 20 ema.
Support :- 40670, 40550-70
Resistance :- 41000, 41290
The market has consolidated for the last 2-3 days. A trending market can be expected, if there is a flat opening.
Wait for the price action before entering the markets.
The market in the second half has given a nice up move.
On the hourly time frame, the market has closed above 40850 level.
The market on the 15 minute time frame has taken a nice support from its 20 ema.
Support :- 40670, 40550-70
Resistance :- 41000, 41290
The market has consolidated for the last 2-3 days. A trending market can be expected, if there is a flat opening.
Wait for the price action before entering the markets.
