Banknifty view for 11/05/22.
Banknifty was strong today and has closed in green.
The markets are volatile and there is a bearish moving average divergence on daily time frame.
It has been trading around its 20 ema on 15 minute time frame.
Support :- 34350, 34100
Resistance ;- 34720, 35000
Trading in a volatile market can sweep your gain in few minute.
In the last hour markets have corrected and is near its support levels
Wait for a price action before entering the markets.
The markets are volatile and there is a bearish moving average divergence on daily time frame.
It has been trading around its 20 ema on 15 minute time frame.
Support :- 34350, 34100
Resistance ;- 34720, 35000
Trading in a volatile market can sweep your gain in few minute.
In the last hour markets have corrected and is near its support levels
Wait for a price action before entering the markets.
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