Banknifty daily analysis for 22/09/22.
Banknifty on the daily time frame has given another doji and the market are still jittery and confusing.
On the hourly time frame, the market is still not holding above the level of 41600.
The market is taking support from its 200 ema on 15 minute time frame and trading between both EMAs.
Support :- 41180, 41000, 40840
Resistance :- 41290, 41440
The market is still not showing any clear trend.
Wait for the price action near the levels before entering the markets.
On the hourly time frame, the market is still not holding above the level of 41600.
The market is taking support from its 200 ema on 15 minute time frame and trading between both EMAs.
Support :- 41180, 41000, 40840
Resistance :- 41290, 41440
The market is still not showing any clear trend.
Wait for the price action near the levels before entering the markets.
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