Banknifty daily analysis for 20/07/23.
An Inside candle has been formed on the daily chart and a dragon fly doji has been formed.
Market closed gaining 260 points. There was a gap up and a profit booking took market down.
Supports are nearby and the market is still in the bullish move.
On the hourly chart, a V shape recovery was there. And it is trading above the moving averages.
Today option buyer might have red PnL.
Support :- 45470, 45350
Resistance :- 45690, 45850
Tomorrow is weekly expiry and if market gives a breakout around 12:30, its likely to carry on.
Wait for the price action near the levels before entering the market.
Market closed gaining 260 points. There was a gap up and a profit booking took market down.
Supports are nearby and the market is still in the bullish move.
On the hourly chart, a V shape recovery was there. And it is trading above the moving averages.
Today option buyer might have red PnL.
Support :- 45470, 45350
Resistance :- 45690, 45850
Tomorrow is weekly expiry and if market gives a breakout around 12:30, its likely to carry on.
Wait for the price action near the levels before entering the market.
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.