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Banknifty view for 12/04/22.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Moving Averages Support and Resistance Parallel Channel nifty50 NIFTY BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions
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movingaverage supportandresistance parallelchannel nifty50 nifty banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions
Banknifty has been trading in a range and has consolidated for 3-4 trading days.

If the price breaks the level of 37375, it will break the support zone and 200ema on 15 minute time frame.

Support :- 37375, 37000
Resistance:- 38940, 38150.

Banknifty can be trending as it has consolidated. Just wait for the price action before entering the trade.

Idee correlate

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Bank nifty view for 13/04/22.
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Banknifty view for 11/04/22
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