Banknifty view for 30/05/22

Bank Nifty on the daily time frame has given a nice bullish movement.

On hourly candle it has closed above the 20 and 200 ema with a bullish moving averages cross over.

The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema

Support :- 35400, 35200
Resistance :- 36000, 36230

Market has given a bullish closing. It may consolidate in a range or tomorrow or can remain in the same mood.

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