Banknifty daily analysis for 12/10/23.
Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher.
It took a good support around 44500 levels and closed just around the levels.
Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts.
On the hourly charts, after a first hour volatile movement it remained in a 100 points range, closing between both the moving averages.
A minor resistance is there around 44550 level and it is taking support from the 20 ema.
Support :- 44450, 44340
Resistance :- 44740, 44970
Today's weekly expiry remained silent and the markets remained volatile.
Wait for the price action near the levels before entering the market.
It took a good support around 44500 levels and closed just around the levels.
Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts.
On the hourly charts, after a first hour volatile movement it remained in a 100 points range, closing between both the moving averages.
A minor resistance is there around 44550 level and it is taking support from the 20 ema.
Support :- 44450, 44340
Resistance :- 44740, 44970
Today's weekly expiry remained silent and the markets remained volatile.
Wait for the price action near the levels before entering the market.
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.