Banknifty daily analysis for 08/06/23.
Banknifty has given a dragon fly doji candle and closed above the resistance zone of 44250.
After gap up opening, market gave a fall and recovered in the second half of the market.
On the hourly time frame, the market took support around 20 ema and consolidated in the mid trading hours.
There was a "W" pattern, on 15 minutes charts.
Support :- 44250, 44150
Resistance :- 44350(today's high), 44500
The market have supports close by and is ready to travel in bullish momentum.
Wait for the price action near the levels before entering the market.
After gap up opening, market gave a fall and recovered in the second half of the market.
On the hourly time frame, the market took support around 20 ema and consolidated in the mid trading hours.
There was a "W" pattern, on 15 minutes charts.
Support :- 44250, 44150
Resistance :- 44350(today's high), 44500
The market have supports close by and is ready to travel in bullish momentum.
Wait for the price action near the levels before entering the market.
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