Bank nifty view for 01/04/2022

Bank nifty is trading in a parallel channel. It consolidated while day in a narrow range and closed below its 20EMA.

The current close is between its 2 moving averages i.e. 20 and 50.

Support :- 36200, 36075, 35950
Resistance:- 36380, 36500, 36600

Nifty looks bearish and bank nifty too can break the channel and travel below its moving averages.

Wait and watch price action near the levels.