Post-mortem on Bank Nifty - 05 Jul 2022

Bank Nifty opened strong at 34084 pretty strong near the resistance level 34126. The first 15mts candle did break through the resistance easily.



BN tried to break the 2nd resistance at 34367, almost traded 1hr, 4 x 15mts candle and was rejected.


At 13.45 it slid through the support at 34120. Although the next 2 candles showed slowing momentum, the market kept on falling and closed at 33769


Upcoming support1: 33566, support2: 33277

resistance1: 34120, resistance2: 34367

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