Banknifty view for 09/06/22

Banknifty has formed a bearish engulfing candle on a daily time frame and broke down the crucial level of 35000.

There is a bearish moving averages cross over on hourly time frame.

The market in the last hour consolidated and the market can remain bearish for next trading session.

Support:- 34800, 34550
Resistance:- 35000, 35200

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