Banknifty view for 12/04/22.

Banknifty has been trading in a range and has consolidated for 3-4 trading days.

If the price breaks the level of 37375, it will break the support zone and 200ema on 15 minute time frame.

Support :- 37375, 37000
Resistance:- 38940, 38150.

Banknifty can be trending as it has consolidated. Just wait for the price action before entering the trade.