Banknifty view for 09/05/22

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.