Budget day trading levels BN 23/07/24.
Banknifty prior to the budget day closed flat and there are chances of a trending market owing to the news.
On the hourly charts, the market has consolidation after the first hour candle. Consolidation is good to make the break out/ down to travel.
Market is trading around the 20 ema and above 200 ema. If the market break below the moving average, trade using MA strategy can be entered.
Major support levels :- 52160, 51940
Resistance levels :- 52420, 52630
Wait for the price action near the levels before entering the markets.
On the hourly charts, the market has consolidation after the first hour candle. Consolidation is good to make the break out/ down to travel.
Market is trading around the 20 ema and above 200 ema. If the market break below the moving average, trade using MA strategy can be entered.
Major support levels :- 52160, 51940
Resistance levels :- 52420, 52630
Wait for the price action near the levels before entering the markets.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.