Banknifty view for 19/04/22
Bank Nifty is taking resistance from its 20 ema on a 15 minute time frame.
Todays candle show some confusion as it has formed a doji and has closed between its 20 and 200 ema.
On 60 minute and 4 hour time frame, Banknifty is taking resistance from its 200 ema.
Support :- 36650, 36380
Resistance:- 37000, 37330
The market has been opening gap up or down.
Wait for the levels to be tested and confirm with the price action near support and resistance.
Todays candle show some confusion as it has formed a doji and has closed between its 20 and 200 ema.
On 60 minute and 4 hour time frame, Banknifty is taking resistance from its 200 ema.
Support :- 36650, 36380
Resistance:- 37000, 37330
The market has been opening gap up or down.
Wait for the levels to be tested and confirm with the price action near support and resistance.
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