Banknifty view for 10/08/22

Banknifty on the daily candle has given a nice moment and closed just around its resistance zone.

In the last hour of the trading session the market consolidated and respected the resistance zone.

The market on the 15 minute time frame has clearly respected the 20 ema and closed between the zone and moving averages.

Support :- 37965, 37645
Resistance :- 38250, 38500, 38800

The market are in the bull run. Short the market only when the candle on 15 minute closes below the 20 ema.

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