Banknifty set for a great bullish move (18/07/23).

A good bullish trend has started in the markets and banknifty has gained 600+ points on the daily charts.

The market has crossed and closed above the previous close high of 45420 levels.

On the hourly charts, there was a 470 points move in the last hour. Banknifty looks bullish and final there is a break out of the trend line.

There is a bullish moving averages cross over, on 15 minutes time frame.

Support :- 45420, 45240
Resistance :- 45655(ATH), 46000(fib level)

A nice 50% fibonacci level retracement was done and now the market is set for another bull leg.

Wait for the price action near the levels before entering the market.