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.
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.
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.