Nifty Bank Index

Banknifty daily analysis for 14/09/22

73
Banknifty after 2 days of consolidation has given a gap up above the resistance level of 40700

The market in the second half has given a nice up move.

On the hourly time frame, the market has closed above 40850 level.

The market on the 15 minute time frame has taken a nice support from its 20 ema.

Support :- 40670, 40550-70
Resistance :- 41000, 41290

The market has consolidated for the last 2-3 days. A trending market can be expected, if there is a flat opening.

Wait for the price action before entering the markets.

Penafian

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