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Banknifty view for 06/05/22.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Candlestick Analysis Moving Averages BANKNIFTY bankniftytrend bankniftytradesetup NIFTY bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels
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supportandresistance candlestick movingaverage banknifty bankniftytrend bankniftytradesetup nifty bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels
Banknifty is trading below it 200 ema on daily time frame.

It has formed an inside candle on daily time frame. If the markets start trading below the low of previous day the market can fall further.

There is bullish divergence on RSI indicator on hourly time frame.

Support :- 35130, 35000
Resistance :- 35400, 35700

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

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