Bank nifty opened gap down and in the last trading hour it shot up breaking, sustaining and closing above the 20 DMA.
Thou, on horly time frame it has closed between the 2 moving averages.
On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session.
Support :- 35000, 35800
Resistance :- 35200, 35300
Markets can remain sideways or in the uptrend.
Wait and watch the price action near the levels before trading the market.
Thou, on horly time frame it has closed between the 2 moving averages.
On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session.
Support :- 35000, 35800
Resistance :- 35200, 35300
Markets can remain sideways or in the uptrend.
Wait and watch the price action near the levels before trading the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.