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Banknifty view for 09/06/22

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Trend Lines Multiple Time Frame Analysis BANKNIFTY bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading bankniftyoptions NIFTY bankniftylevels
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supportandresistance trendline mtfa banknifty bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading bankniftyoptions nifty bankniftylevels
Banknifty has formed a bearish engulfing candle on a daily time frame and broke down the crucial level of 35000.

There is a bearish moving averages cross over on hourly time frame.

The market in the last hour consolidated and the market can remain bearish for next trading session.

Support:- 34800, 34550
Resistance:- 35000, 35200

Wait for the price action near the levels before entering the markets.

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