Banknifty daily analysis for 09/06/23.
A great bearish move in banknifty, it has broken the recent support of 44000-50 and closed below it.
The market has given a bearish engulfing candle engulfing 3 previous day's candle.
Banknifty was trading around ATH in the morning session and in the second half has given a nice move of more than 350 points.
Being a expiry, there was a good opporunity in the last hour.
On the hourly charts, market has broken the 20 ema and closed well below it.
Support :- 43850, 43710
Resistance :- 44050, 44200-240
Market has given both side move today. It can take a halt or fall futher to test lower levels.
Wait for the price action near the levels before entering the market.
The market has given a bearish engulfing candle engulfing 3 previous day's candle.
Banknifty was trading around ATH in the morning session and in the second half has given a nice move of more than 350 points.
Being a expiry, there was a good opporunity in the last hour.
On the hourly charts, market has broken the 20 ema and closed well below it.
Support :- 43850, 43710
Resistance :- 44050, 44200-240
Market has given both side move today. It can take a halt or fall futher to test lower levels.
Wait for the price action near the levels before entering the market.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.