Banknifty view for 06/05/22.
Banknifty is trading below it 200 ema on daily time frame.
It has formed an inside candle on daily time frame. If the markets start trading below the low of previous day the market can fall further.
There is bullish divergence on RSI indicator on hourly time frame.
Support :- 35130, 35000
Resistance :- 35400, 35700
Wait for the price action near the levels before entering the markets.
It has formed an inside candle on daily time frame. If the markets start trading below the low of previous day the market can fall further.
There is bullish divergence on RSI indicator on hourly time frame.
Support :- 35130, 35000
Resistance :- 35400, 35700
Wait for the price action near the levels before entering the markets.
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