Bank nifty is trading in a parallel channel. It consolidated while day in a narrow range and closed below its 20EMA.
The current close is between its 2 moving averages i.e. 20 and 50.
Support :- 36200, 36075, 35950
Resistance:- 36380, 36500, 36600
Nifty looks bearish and bank nifty too can break the channel and travel below its moving averages.
Wait and watch price action near the levels.
The current close is between its 2 moving averages i.e. 20 and 50.
Support :- 36200, 36075, 35950
Resistance:- 36380, 36500, 36600
Nifty looks bearish and bank nifty too can break the channel and travel below its moving averages.
Wait and watch price action near the levels.
