Banknifty view for 14/06/22
Banknifty on day to day closing, closed 1000+ points down and is trading below its 200 DMA.
The market in the last hour recovered some points but still trading in a range.
Market on 15 minute time frame closed near its 20 ema. Still no clear indication of a up move in near future.
Support:- 33210, 33000
Resistance:- 33580, 33750, 34000
Markets can remain bearish and volatile for tomorrow.
Wait for the price action near the levels before entering the markets.
The market in the last hour recovered some points but still trading in a range.
Market on 15 minute time frame closed near its 20 ema. Still no clear indication of a up move in near future.
Support:- 33210, 33000
Resistance:- 33580, 33750, 34000
Markets can remain bearish and volatile for tomorrow.
Wait for the price action near the levels before entering the markets.
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