Banknifty daily analysis for 10/11/22(weekly expiry)
Banknifty on the daily time frame has again given a hanging man doji. The markets are still indecisive.
The markets are unable to carry on the trend and momentum can be seen tomorrow as there is weekly expiry.
On the hourly time frame, the market tested today's opening price and there was a nice sell off during the last hour.
There was a support from 20 ema on smaller time frame(15 minute time frame) but that too was breached as market closed below the level.
Support :- 41650, 41500, 41310
Resistance :- 41750, 41840, 41940
Markets are still jittery as there is no clear trend.
Wait for the price action near the levels before entering the markets.
The markets are unable to carry on the trend and momentum can be seen tomorrow as there is weekly expiry.
On the hourly time frame, the market tested today's opening price and there was a nice sell off during the last hour.
There was a support from 20 ema on smaller time frame(15 minute time frame) but that too was breached as market closed below the level.
Support :- 41650, 41500, 41310
Resistance :- 41750, 41840, 41940
Markets are still jittery as there is no clear trend.
Wait for the price action near the levels before entering the markets.
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