Banknifty view for 30/05/22
Bank Nifty on the daily time frame has given a nice bullish movement.
On hourly candle it has closed above the 20 and 200 ema with a bullish moving averages cross over.
The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema
Support :- 35400, 35200
Resistance :- 36000, 36230
Market has given a bullish closing. It may consolidate in a range or tomorrow or can remain in the same mood.
Wait for the price action near the levels before entering the markets.
On hourly candle it has closed above the 20 and 200 ema with a bullish moving averages cross over.
The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema
Support :- 35400, 35200
Resistance :- 36000, 36230
Market has given a bullish closing. It may consolidate in a range or tomorrow or can remain in the same mood.
Wait for the price action near the levels before entering the markets.
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