Banknifty daily analysis for 09/09/22
Banknifty has finally crossed and sustained above the level of 40k.
Index remained in a bullish momentum and gave a nice bullish marubozu candle.
On the hourly time frame, it remained bullish whole day and crossed upto the level of 40200.
The market travelled nicely, and remained in a parallel channel whole day.
Banknifty seems to carry on the bullish mode and give nice bullish momentum even for tomorrow.
Support :- 40055, 39850, 39600
Resistance :- 40250, 40840, 41000
Wait for the markets to take out today's high and price action near the levels.
Index remained in a bullish momentum and gave a nice bullish marubozu candle.
On the hourly time frame, it remained bullish whole day and crossed upto the level of 40200.
The market travelled nicely, and remained in a parallel channel whole day.
Banknifty seems to carry on the bullish mode and give nice bullish momentum even for tomorrow.
Support :- 40055, 39850, 39600
Resistance :- 40250, 40840, 41000
Wait for the markets to take out today's high and price action near the levels.
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