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Banknifty view for 17/05/22.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Supply and Demand Candlestick Analysis Multiple Time Frame Analysis nifty50 BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels
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supplyanddemand candlestick mtfa nifty50 banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels
Bank nifty on a daily time frame has closed in green and above the round level of 33500.

There is a bearish moving averages divergence.

Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it.

Support :- 33300, 33000
Resistance :- 33765, 33960

The markets has faced a clear rejection on higher time frame

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

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