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Banknifty view for 17/08/22

Nifty Bank Index (NSE:BANKNIFTY)  
Mambotrade  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Candlestick Analysis Moving Averages BANKNIFTY NIFTY niftyanalysis bankniftytrend bankniftytradesetup bankniftyanalysis bankniftyview bankniftytrading bankniftyoptions
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supportandresistance candlestick movingaverage banknifty nifty niftyanalysis bankniftytrend bankniftytradesetup bankniftyanalysis bankniftyview bankniftytrading bankniftyoptions
Banknifty on the daily chart has formed a doji. The markets have stretched and a retest is pending.

Market on the hourly time frame has respected the level of 39600.

On the 15 minute time frame analysis, bank nifty has formed a LL-LH formation and on the intraday level could cross the previous high

The market can be volatile.

Support :- 39050, 39000, 38800
Resistance :- 39270, 39360, 39500

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

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