Banknifty daily analysis 07/10/22
Banknifty on the daily time frame has formed a grave stone doji and took support from its 20 ema.
The market has closed almost flat and closed just near the low.
On the hourly time frame, market has taken support from 200 ema.
The market has closed below 20 ema on 15 minute time frame.
Support :- 39130, 38960, 38780
Resistance :- 39390, 39510, 40000(round number)
Wait the price action near the levels before trading the market.
The market has closed almost flat and closed just near the low.
On the hourly time frame, market has taken support from 200 ema.
The market has closed below 20 ema on 15 minute time frame.
Support :- 39130, 38960, 38780
Resistance :- 39390, 39510, 40000(round number)
Wait the price action near the levels before trading the market.
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