Banknifty view for 16/06/22
Banknifty has formed an inside candle and closed flat with just 27 points gains
Both the indices consolidated in a range and gave a flat closing.
The market consolidated while day near 15 minute 20 ema and closed below it.
The range is wide and tomorrow is weekly expiry. Watch for a break out/ down as market can be trending in the second half.
Support:- 33210, 33000
Resistance:- 33580, 34000
Wait for the price action near the levels before entering the markets.
Both the indices consolidated in a range and gave a flat closing.
The market consolidated while day near 15 minute 20 ema and closed below it.
The range is wide and tomorrow is weekly expiry. Watch for a break out/ down as market can be trending in the second half.
Support:- 33210, 33000
Resistance:- 33580, 34000
Wait for the price action near the levels before entering the markets.
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