Banknifty view for 11/04/22
Bank nifty is still confusing and is consolidating .
Nifty has given a strong closing today but bank nifty is forming an inside candle on daily chart frame.
If bank nifty breaks the consolidation range of 37430-37850, it can be trending.
Support :- 37375, 37000
Resistance:- 37800, 38000, 38150
Market can give a good move either side as it has consolidated.
Wait for the price action near the levels before entering the trade.
Nifty has given a strong closing today but bank nifty is forming an inside candle on daily chart frame.
If bank nifty breaks the consolidation range of 37430-37850, it can be trending.
Support :- 37375, 37000
Resistance:- 37800, 38000, 38150
Market can give a good move either side as it has consolidated.
Wait for the price action near the levels before entering the trade.
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