Banknifty daily analysis for 21/09/22
Banknifty is taking resistance from the upper levels and is not holding to the levels. It has formed a doji on the daily closing.
Though, it is trading above the 20 ema on the hourly time frame but its not closing above the 41500 levels.
Banknifty lost its initial gains in the second half of the trading session and closed below the 20 ema on the smaller time frame (15 minute).
The market trend is still not clear. The markets are jittery and intraday moments are only in the first half.
Support :- 41300, 41180, 41000
Resistance :- 41600, 41830
Wait for the price action near the levels before entering the markets.
Though, it is trading above the 20 ema on the hourly time frame but its not closing above the 41500 levels.
Banknifty lost its initial gains in the second half of the trading session and closed below the 20 ema on the smaller time frame (15 minute).
The market trend is still not clear. The markets are jittery and intraday moments are only in the first half.
Support :- 41300, 41180, 41000
Resistance :- 41600, 41830
Wait for the price action near the levels before entering the markets.
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