Banknifty opened around the resistance level of 34120 and fell after an initial gap up.
The market took support from its 20DMA and closed above it.
Banknifty took resistance on hourly time frame from its 200 ema and fell around 400 points from inter high.
On 15 minute time frame, it closed around 20 ema.
Support:- 33750, 33580
Resistance:-33954, 34120, 34440
Wait for the price action near the levels before entering the markets.
The market took support from its 20DMA and closed above it.
Banknifty took resistance on hourly time frame from its 200 ema and fell around 400 points from inter high.
On 15 minute time frame, it closed around 20 ema.
Support:- 33750, 33580
Resistance:-33954, 34120, 34440
Wait for the price action near the levels before entering the markets.
