Banknifty daily analysis for 26/09/23.
A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high.
Banknifty has closed gaining 150 points but nifty remained silent and closed flat.
On the hourly charts, there is a moving averages cross over and it taking resistance from the levels.
There was a both side movement today and has consolidated in the second half of the session.
Support :- 44600, 44420
Resistance :- 44890, 45110
Wait for the price action near the levels before entering the market.
Banknifty has closed gaining 150 points but nifty remained silent and closed flat.
On the hourly charts, there is a moving averages cross over and it taking resistance from the levels.
There was a both side movement today and has consolidated in the second half of the session.
Support :- 44600, 44420
Resistance :- 44890, 45110
Wait for the price action near the levels before entering the market.
Support levels :- 44210, 44080
Watch for a further targets with partial booking and trailing stop loss.