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Banknifty view for 11/05/22.

NSE:BANKNIFTY   Nifty Bank Index
Banknifty was strong today and has closed in green.

The markets are volatile and there is a bearish moving average divergence on daily time frame.

It has been trading around its 20 ema on 15 minute time frame.

Support :- 34350, 34100
Resistance ;- 34720, 35000

Trading in a volatile market can sweep your gain in few minute.

In the last hour markets have corrected and is near its support levels
Wait for a price action before entering the markets.

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