Banknifty closed below earlier support & taken Trendline support so wait for Breakout or rejections at zones
Bullish > 46400
Bearish< 46900
All views for Educational Purpose do your own analysis before initiate trades.
Nifty has created a gap and in second half consolidated above 16600.
Market were strong and remained in green the whole day.
On 15 minute analysis, it has respected the support of 20 ema.
Support :- 16600, 16480
Resistance :- 16700, 16800
Market has been given a nice movement initially even after the gap up.
Wait and watch the price action near the levels...
