Banknifty view for 17/05/22.
Bank nifty on a daily time frame has closed in green and above the round level of 33500.
There is a bearish moving averages divergence.
Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it.
Support :- 33300, 33000
Resistance :- 33765, 33960
The markets has faced a clear rejection on higher time frame
Wait for the price action near the levels before trading the markets.
There is a bearish moving averages divergence.
Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it.
Support :- 33300, 33000
Resistance :- 33765, 33960
The markets has faced a clear rejection on higher time frame
Wait for the price action near the levels before trading the markets.
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