Banknifty view for 17/05/22.

Bank nifty on a daily time frame has closed in green and above the round level of 33500.

There is a bearish moving averages divergence.

Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it.

Support :- 33300, 33000
Resistance :- 33765, 33960

The markets has faced a clear rejection on higher time frame

Wait for the price action near the levels before trading the markets.