Banknifty has given a nice marubozu candle on a weekly time frame.
Markets are now in a bullish trend and in the month of july market has gained around 10%.
The moving averages on daily time frame are close and there can be a bullish moving averages cross over.
Market consolidated in the second half of the last trading session.
Support:- 36475, 36285
Resistance :- 36900, 37160
The market has formed a nice "W" pattern on a weekly time frame and market may continue in the bullish run in the last week of the month.
Wait for the price action near the levels before entering the markets.
Markets are now in a bullish trend and in the month of july market has gained around 10%.
The moving averages on daily time frame are close and there can be a bullish moving averages cross over.
Market consolidated in the second half of the last trading session.
Support:- 36475, 36285
Resistance :- 36900, 37160
The market has formed a nice "W" pattern on a weekly time frame and market may continue in the bullish run in the last week of the month.
Wait for the price action near the levels before entering the markets.
