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Banknifty view for 04/08/22

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Candlestick Analysis Moving Averages BANKNIFTY bankniftytrend NIFTY bankniftytradesetup bankniftyanalysis bankniftyview bankniftytrading bankniftyoptions
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supportandresistance candlestick movingaverage banknifty bankniftytrend nifty bankniftytradesetup bankniftyanalysis bankniftyview bankniftytrading bankniftyoptions
Banknifty has formed an inside candle and was weaker than nifty.

Thou, it tried to cross 38k level but couldn't sustain above it.

It took a nice support from its hourly 20 ema and recovered during the last hour of the day.

Support :- 37645, 37965
Resistance :- 38170, 38500

Market have closed on a bullish note and can remain in green for tomorrow.

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

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