Banknifty view for 04/05/22.
Bank nifty has given a strong closing below its resistance levels of 36200.
Market are taking resistance from its 200 ema on daily time frame and 20 ema on hourly time frame.
On 15 minute time frame, the market has closed between its 20 and 200 ema
Support :- 36000, 35700
Resistance :- 36200, 36290, 36580
Markets has given a bullish movement in the last hour and can remain bullish.
Wait for the price action near levels for confimation.
Market are taking resistance from its 200 ema on daily time frame and 20 ema on hourly time frame.
On 15 minute time frame, the market has closed between its 20 and 200 ema
Support :- 36000, 35700
Resistance :- 36200, 36290, 36580
Markets has given a bullish movement in the last hour and can remain bullish.
Wait for the price action near levels for confimation.
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