Bank Nifty Analysis: 16-05-2023
From the last 30-minute chart, it is observed that the market took support at 50 ema. Once 50 ema is broken, then the next support will be the 43758 level. This point is crucial for BN. Suppose it is broken on 17-05-2023 then the trend will reverse. On the other hand, if the market is sustained above 20 ema then the regular trend will be continued. Levels are given for tomorrow's intraday. (for educational purposes )
From the last 30-minute chart, it is observed that the market took support at 50 ema. Once 50 ema is broken, then the next support will be the 43758 level. This point is crucial for BN. Suppose it is broken on 17-05-2023 then the trend will reverse. On the other hand, if the market is sustained above 20 ema then the regular trend will be continued. Levels are given for tomorrow's intraday. (for educational purposes )
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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.