Nifty has formed a new ATH high and banknifty is around its ATH.
There can be a halt in the market has it has given a nice one side move and has travelled from 44400 to 45500 without a retest.
It has given a nice bullish candle and giving close 414 points higher.
On the hourly charts, it has showed a bullish movement and it trading way far from the moving averages.
The markets consolidated during the mid trading hours and gave a breakout and closed above 45500 levels.
Support :- 45440, 45230
Resistance :- 45680, 45855
Wait for the price action near the levels before entering the market.
There can be a halt in the market has it has given a nice one side move and has travelled from 44400 to 45500 without a retest.
It has given a nice bullish candle and giving close 414 points higher.
On the hourly charts, it has showed a bullish movement and it trading way far from the moving averages.
The markets consolidated during the mid trading hours and gave a breakout and closed above 45500 levels.
Support :- 45440, 45230
Resistance :- 45680, 45855
Wait for the price action near the levels before entering the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.