Banknifty view for 12/05/22
Bank nifty has again closed in green despite the other index was in red.
It has formed a long tail bullish candle on daily basis.
It has closed above its 20 ema on hourly and 15 minute time frame which indicates some bullishness.
Support:- 34400, 34100
Resistance :- 34720, 35000
The market has closed below its near resistance of 34720.
So wait for price action and double confirmation before trading the markets.
It has formed a long tail bullish candle on daily basis.
It has closed above its 20 ema on hourly and 15 minute time frame which indicates some bullishness.
Support:- 34400, 34100
Resistance :- 34720, 35000
The market has closed below its near resistance of 34720.
So wait for price action and double confirmation before trading the markets.
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