Banknifty view for 04/07/22
Banknifty has formed an engulfing candle. It remained in bull trend after and initial gap down and gained 500+ points from days low.
On hourly analysis the markets remained in a uptrend and closed above 33500.
On 15 minute time frame, the moving averages are close and it has closed above the EMAs
Support:- 33520, 33210
Resistance:- 33750, 33970-34000
Wait for the price action near the levels before entering the markets.
On hourly analysis the markets remained in a uptrend and closed above 33500.
On 15 minute time frame, the moving averages are close and it has closed above the EMAs
Support:- 33520, 33210
Resistance:- 33750, 33970-34000
Wait for the price action near the levels before entering the markets.
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