Banknifty view for 04/07/22

Banknifty has formed an engulfing candle. It remained in bull trend after and initial gap down and gained 500+ points from days low.

On hourly analysis the markets remained in a uptrend and closed above 33500.

On 15 minute time frame, the moving averages are close and it has closed above the EMAs

Support:- 33520, 33210
Resistance:- 33750, 33970-34000

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