Banknifty view for 18/08/22
Banknifty has touched the crucial level of 39500 but couldn't sustain above it. It took a clear rejection from the level.
It remain silent in the first half and gained some points in the last hour of the trading session.
The market has closed on a bullish note and can remain in green.
On 15 minute time frame, the market a clearly respected the 20 ema.
Support :- 39360, 39270
Resistance :- 39500, 40000
Wait for the price action before entering the markets.
Tomorrow is weekly expiry and market can remain volatile.
It remain silent in the first half and gained some points in the last hour of the trading session.
The market has closed on a bullish note and can remain in green.
On 15 minute time frame, the market a clearly respected the 20 ema.
Support :- 39360, 39270
Resistance :- 39500, 40000
Wait for the price action before entering the markets.
Tomorrow is weekly expiry and market can remain volatile.
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