Banknifty daily analysis for 04/11/22.
A nice up move after a gap down due to the global news and again respected the support of 40850.
Banknifty, on the daily time frame, gave a nice up move and consolidated whole day on an expiry day. The market traded whole day near the 20 ema.
The market has remained in a range of 200 points whole and closed 150 points up.
On 15 minute time frame, the market has closed between both ema's.
Support :- 41250, 41070, 40850
Resistance :- 41430, 41500, 41650
The market has formed a flag and pole pattern on hourly time frame, if it give a break out nice movement can be captured.
Wait for the price action near the price levels before entering the markets.
Banknifty, on the daily time frame, gave a nice up move and consolidated whole day on an expiry day. The market traded whole day near the 20 ema.
The market has remained in a range of 200 points whole and closed 150 points up.
On 15 minute time frame, the market has closed between both ema's.
Support :- 41250, 41070, 40850
Resistance :- 41430, 41500, 41650
The market has formed a flag and pole pattern on hourly time frame, if it give a break out nice movement can be captured.
Wait for the price action near the price levels before entering the markets.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.