Banknifty view for 30/03/22
Bank nifty has given parallel channel break out and above its 20 and 200 ema, 15 minute chart frame.
On an 60 minute chart frame, it has crossed it 200ema and closed above it.
It has closed just below the resistance level of 35930-50 but nifty has closed on a bullish note.
Markets may open gap up.
Support :- 35800, 35630
Resistance :- 36135, 362560, 36600
Wait for the market to digest the gap up before entering the trade and wait for confirmation on a 15 minute chart frame.
On an 60 minute chart frame, it has crossed it 200ema and closed above it.
It has closed just below the resistance level of 35930-50 but nifty has closed on a bullish note.
Markets may open gap up.
Support :- 35800, 35630
Resistance :- 36135, 362560, 36600
Wait for the market to digest the gap up before entering the trade and wait for confirmation on a 15 minute chart frame.
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