Banknifty daily analysis for 13/09/22
Banknifty has given another doji on the daily time frame and an inside candle is there.
The market has remained in a 100 point range whole day and consolidation after a nice push is a good thing for next trending market.
On 15 minute time frame, the market has closed below the 20 ema.
Support :- 40570, 40250, 40050
Resistance :- 40660,40850
A nice trending market can be seen in the coming days.
Wait for the price action near the levels before trading the markets.
The market has remained in a 100 point range whole day and consolidation after a nice push is a good thing for next trending market.
On 15 minute time frame, the market has closed below the 20 ema.
Support :- 40570, 40250, 40050
Resistance :- 40660,40850
A nice trending market can be seen in the coming days.
Wait for the price action near the levels before trading the markets.
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