Banknifty daily analysis for 18/11/22.
Banknifty on the daily time frame has given a gravestone doji.
The market consolidated whole day and after touching 42600 there was a huge sell off taking market to test 42400 level in the last hour.
On the hourly time frame, the market closed near 20 ema.
Banknifty has consolidated whole day and closed near the opening. Closed between both the moving averages on smaller time frame.
Support:- 42400, 42325, 42230
Resistance:- 42600
Wait for the price action near the levels before entering the market.
The market consolidated whole day and after touching 42600 there was a huge sell off taking market to test 42400 level in the last hour.
On the hourly time frame, the market closed near 20 ema.
Banknifty has consolidated whole day and closed near the opening. Closed between both the moving averages on smaller time frame.
Support:- 42400, 42325, 42230
Resistance:- 42600
Wait for the price action near the levels before entering the market.
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