Banknifty view for 04/08/22
Banknifty has formed an inside candle and was weaker than nifty.
Thou, it tried to cross 38k level but couldn't sustain above it.
It took a nice support from its hourly 20 ema and recovered during the last hour of the day.
Support :- 37645, 37965
Resistance :- 38170, 38500
Market have closed on a bullish note and can remain in green for tomorrow.
Wait for the price action near the levels before entering the markets.
Thou, it tried to cross 38k level but couldn't sustain above it.
It took a nice support from its hourly 20 ema and recovered during the last hour of the day.
Support :- 37645, 37965
Resistance :- 38170, 38500
Market have closed on a bullish note and can remain in green for tomorrow.
Wait for the price action near the levels before entering the markets.
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