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Banknifty view for 01/07/22

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Moving Averages Multiple Time Frame Analysis NIFTY BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftyview bankniftytrading bankniftyoptions bankniftylevels
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supportandresistance movingaverage mtfa nifty banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftyview bankniftytrading bankniftyoptions bankniftylevels
Banknifty on a monthly candle has closed below its 20 ema and has fallen 5.8% on month to month.

Still Banknifty couldn’t close above its 20DMA.

On 15 minute time frame, there is a bearish moving average crossover and the market took a nice resistance from its 20ema.

Support:- 33210, 33370,
Resistance:- 33480, 33520, 33750

There is no clear trend for market on day to day analysis.

Wait for the price action near the levels before entering the markets.

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