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Banknifty view for 09/05/22

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Fibonacci Multiple Time Frame Analysis NIFTY BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions
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supportandresistance fibonacci mtfa nifty banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions
Banknifty on a daily time frame has taken support from its zone and has formed a doji.

There is a bearish moving average divergence on daily time frame.

The markets have fallen and may consolidate.

Support :- 34400, 34100
Resistance :- 34720, 35000

The markets has crossed its 20 ema on 15 minute time frame.

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

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