Banknifty daily analysis for 19/10/22
Banknifty on the daily time frame has formed a doji. The market remained in a range and consolidated in a range after the gap up.
On the hourly time frame, the market has been forming a bullish moving averages cross over and took resistance from the trend line.
In the last hour of the trading session, the market took support from 20 ema (15 minute time frame) and closed above the 40300 levels.
Support :- 40220, 39950-40000
Resistance :- 40400, 40510, 40940
The indices are in a up trend. If global markets show positivity, another bullish move can be seen in the indices.
Wait for the price action near the price levels before entering the markets.
On the hourly time frame, the market has been forming a bullish moving averages cross over and took resistance from the trend line.
In the last hour of the trading session, the market took support from 20 ema (15 minute time frame) and closed above the 40300 levels.
Support :- 40220, 39950-40000
Resistance :- 40400, 40510, 40940
The indices are in a up trend. If global markets show positivity, another bullish move can be seen in the indices.
Wait for the price action near the price levels before entering the markets.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.