Banknifty view for 26/07/22.
Banknifty has formed a doji on daily time frame and closed on negative to flat.
Market has taken the support from the support level and remained above its 20 ema on hourly time frame.
On smaller time frame (15 minute), market traded around its 20 ema and closed just below it.
Support:- 36475, 36285
Resistance :- 36900, 37160
Market has taken a resistance from its round number i.e. 37000. So wait for a bullish movement only above 37000.
Wait for the price action near the levels before entering the markets.
Market has taken the support from the support level and remained above its 20 ema on hourly time frame.
On smaller time frame (15 minute), market traded around its 20 ema and closed just below it.
Support:- 36475, 36285
Resistance :- 36900, 37160
Market has taken a resistance from its round number i.e. 37000. So wait for a bullish movement only above 37000.
Wait for the price action near the levels before entering the markets.
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