Nifty even after a gap down traveled to lower levels and was weaker than Banknifty.

The markets are still in a near trend. Nifty took support from its trend line and closed near it.

On hourly and 15 minutes time frame, markets are unable to cross its 20 ema.

Support:- 15530, 15625
Resistance:- 15380, 15200

Global markets are still negative and inflation data are fearing the market players.

Wait for the price action near the levels before trading the markets.
BANKNIFTYMultiple Time Frame AnalysisNIFTYnifty50niftyanalysisniftyoutlookniftypredictionniftytradesetupniftytrendniftyviewSupport and ResistanceTrend Lines
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