Banknifty view for 01/08/2022

Banknifty on monthly and weekly chart has given a strong closing and has closed just below 37500 levels.

The markets are looking bullish even on higher time frames.

Banknifty has filled the gap and a closed only 100 up.

The market has traded around its 20 ema on 15 minute time frame.

Support :- 37400, 37160, 36900
Resistance :- 37530, 37965

The markets are bullish and a nice monthly candle confirms the bullish trend.

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