Banknifty view for 02/07/22

Banknifty has formed a nice bullish candle and remained in green whole day after initial profit booking.

On hourly analysis the market consolidated in the last hour of trading session and a bullish moving averages crossing over is there.

Banknifty touched 37900 and can consolidate tomorrow

Markets are still bullish and can retest before giving another move.

Support:- 37950-38000, 38800
Resistance:- 37400, 37160

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