Banknifty Technical Analysis for 5th March 2024

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Hope that, the information & levels providing here are useful to all of you ☺

Daily TF

*** small bullish candlestick
*** momentum upside
*** HH & HL formation
*** immediate resistance 47700 & support 47220

Intraday

*** price is above all ma
*** bearish hammer candlestick
*** momentum flat to downward
*** bearish diversion
*** price is consolidated between 47530 : 47200 any break out can decide further move
*** immediate resistance 47480 & immediate support 47390 (pivot)

Levels for tomorrow
Upside - 47510 : 47590 : 47630 : 47710 : 47789 : 47830
Downside - 47390 : 47310 : 47260 : 47210 : 47060 : 46972 : 46880

All information & levels given are for educational purpose.

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