Banknifty view for 27/05/22
Bank Nifty on the daily time frame has given a nice hammer candle and has closed above its daily 20 moving averages..
On hourly candle it has closed above the 20 and 200 ema.
Market remained bullish in the second half of of the day.
The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema
Support :- 35000, 34800
Resistance :- 34200, 34450
Market has given a bullish closing and can remain bullish.
Wait for the price action near the levels before entering the markets.
On hourly candle it has closed above the 20 and 200 ema.
Market remained bullish in the second half of of the day.
The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema
Support :- 35000, 34800
Resistance :- 34200, 34450
Market has given a bullish closing and can remain bullish.
Wait for the price action near the levels before entering the markets.
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