Banknifty view for 22/06/22
Bank nifty has formed a spinning top candle on daily time frame and it trading well below its 20 DMA.
On an hourly time frame, market has crossed its 20 ema and closed with 500 points gain.
Banknifty seems weaker than nifty.
Markets fell in the last hour and broke both the EMA’s on 15 minute time frame and closed below them.
Support:- 33025, 33000
Resistance:- 33210, 33440, 33580.
Wait for the price action near the levels before entering the markets.
On an hourly time frame, market has crossed its 20 ema and closed with 500 points gain.
Banknifty seems weaker than nifty.
Markets fell in the last hour and broke both the EMA’s on 15 minute time frame and closed below them.
Support:- 33025, 33000
Resistance:- 33210, 33440, 33580.
Wait for the price action near the levels before entering the markets.
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