Banknifty view for 03/08/22.
Banknifty after a initial gap down gained momentum and crossed the crucial level of 38k and closed above it.
Banknifty was strong as compare to nifty and gained around 120 points.
Though market consolidated whole day. So, the market can be trending in the coming days.
On 15 minute chart analysis, the market traded around its 20 ema.
Support :- 37400, 37645, 37965
Resistance :- 38170, 38500
The markets are in the bullish moment and a retest is still pending.
Wait for the price action near the levels before entering the markets.
Banknifty was strong as compare to nifty and gained around 120 points.
Though market consolidated whole day. So, the market can be trending in the coming days.
On 15 minute chart analysis, the market traded around its 20 ema.
Support :- 37400, 37645, 37965
Resistance :- 38170, 38500
The markets are in the bullish moment and a retest is still pending.
Wait for the price action near the levels before entering the markets.
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