Banknifty view for 26/05/22
Bank nifty has been facing a clear rejection from its resistance level of 34800.
The market has been taking resistance from its 20 ema on daily time frame and support from its 20 ema on 4 hour time frame.
The market has been taking support from its 200 ema on 15 minute time frame.
Support :- 34135, 33970
Resistance :- 34376, 34780
The market has dropped from its gap up opening.
Wait for the price action near the levels. Look for the 15 minute candle to close below the 34300.
The market has been taking resistance from its 20 ema on daily time frame and support from its 20 ema on 4 hour time frame.
The market has been taking support from its 200 ema on 15 minute time frame.
Support :- 34135, 33970
Resistance :- 34376, 34780
The market has dropped from its gap up opening.
Wait for the price action near the levels. Look for the 15 minute candle to close below the 34300.
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