Banknifty weanalysis for 26/09/22
Banknifty on the weekly time frame has given a strong negative candle and closed below 40000 levels. There was a nice moment in the last trading session.
On daily time frame, it has formed a marubozu candle and closed below its 20 DMA.
The market has crossed and sustained belowt its 200 ema on hourly time frame. Banknifty has consolidated in the second half of the trading session.
The bearish moving average cross over on 15 minutes chart has given a nice target and banknifty slipped more than 1000 points in a day\
Support :- 39500, 39250, 39000
Resistance:- 39630, 39760,40000
The global markets are also in a negative mood. All the global markets have closed in red.
Wait for the price action near the levels before entering the markets.
On daily time frame, it has formed a marubozu candle and closed below its 20 DMA.
The market has crossed and sustained belowt its 200 ema on hourly time frame. Banknifty has consolidated in the second half of the trading session.
The bearish moving average cross over on 15 minutes chart has given a nice target and banknifty slipped more than 1000 points in a day\
Support :- 39500, 39250, 39000
Resistance:- 39630, 39760,40000
The global markets are also in a negative mood. All the global markets have closed in red.
Wait for the price action near the levels before entering the markets.
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