Banknifty view for 02/07/22
Banknifty has formed a nice bullish candle and remained in green whole day after initial profit booking.
On hourly analysis the market consolidated in the last hour of trading session and a bullish moving averages crossing over is there.
Banknifty touched 37900 and can consolidate tomorrow
Markets are still bullish and can retest before giving another move.
Support:- 37950-38000, 38800
Resistance:- 37400, 37160
Wait for the price action near the levels before entering the markets.
On hourly analysis the market consolidated in the last hour of trading session and a bullish moving averages crossing over is there.
Banknifty touched 37900 and can consolidate tomorrow
Markets are still bullish and can retest before giving another move.
Support:- 37950-38000, 38800
Resistance:- 37400, 37160
Wait for the price action near the levels before entering the markets.
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