Banknifty daily analysis for 20/07/23.
An Inside candle has been formed on the daily chart and a dragon fly doji has been formed.
Market closed gaining 260 points. There was a gap up and a profit booking took market down.
Supports are nearby and the market is still in the bullish move.
On the hourly chart, a V shape recovery was there. And it is trading above the moving averages.
Today option buyer might have red PnL.
Support :- 45470, 45350
Resistance :- 45690, 45850
Tomorrow is weekly expiry and if market gives a breakout around 12:30, its likely to carry on.
Wait for the price action near the levels before entering the market.
Market closed gaining 260 points. There was a gap up and a profit booking took market down.
Supports are nearby and the market is still in the bullish move.
On the hourly chart, a V shape recovery was there. And it is trading above the moving averages.
Today option buyer might have red PnL.
Support :- 45470, 45350
Resistance :- 45690, 45850
Tomorrow is weekly expiry and if market gives a breakout around 12:30, its likely to carry on.
Wait for the price action near the levels before entering the market.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.