Banknifty daily analysis for 07/09/22
Banknifty on the daily time frame has closed 140 points and took a resistance from its 40050 resistance level.
On the hourly time frame, it has taken a beautiful support from its 20 ema and closed just near the level.
The market remained volatile and couldn't sustain above the 40000 levels.
On the 15 minute analysis, banknifty has closed between the moving averages.
Support :- 39600, 39280
Resistance :- 39850, 40050
Wait for the price action near the levels before trading the markets.
On the hourly time frame, it has taken a beautiful support from its 20 ema and closed just near the level.
The market remained volatile and couldn't sustain above the 40000 levels.
On the 15 minute analysis, banknifty has closed between the moving averages.
Support :- 39600, 39280
Resistance :- 39850, 40050
Wait for the price action near the levels before trading the markets.
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