Banknifty daily analysis for 04/11/22.
A nice up move after a gap down due to the global news and again respected the support of 40850.
Banknifty, on the daily time frame, gave a nice up move and consolidated whole day on an expiry day. The market traded whole day near the 20 ema.
The market has remained in a range of 200 points whole and closed 150 points up.
On 15 minute time frame, the market has closed between both ema's.
Support :- 41250, 41070, 40850
Resistance :- 41430, 41500, 41650
The market has formed a flag and pole pattern on hourly time frame, if it give a break out nice movement can be captured.
Wait for the price action near the price levels before entering the markets.
Banknifty, on the daily time frame, gave a nice up move and consolidated whole day on an expiry day. The market traded whole day near the 20 ema.
The market has remained in a range of 200 points whole and closed 150 points up.
On 15 minute time frame, the market has closed between both ema's.
Support :- 41250, 41070, 40850
Resistance :- 41430, 41500, 41650
The market has formed a flag and pole pattern on hourly time frame, if it give a break out nice movement can be captured.
Wait for the price action near the price levels before entering the markets.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.