BankNifty support&resistance levels for Jun 6th Thursday

By rakeshreddym
Uppdaterad
Banknifty is making a each 15 minute candle like a daily candles with such big candle risk factor will increases more on trading.Trade with caution risk management, position sizing is important on these volatile days .


Support 48800 Below if sustains short targets of 48600,48500,48400,48200.
Resistane 49150 above if sustains long targets of 49300,49500,49650,49800,50k.
Handel aktiv
one short entry made in 1 min chart after tripple top in spot chart
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Trade stängt: målet nått
49400 PE 135 points
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Tripple top in spot chart reason for entry target that channel low area
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long entry on channle breakout
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Trade stängt: målet nått
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Handel aktiv
Third entry short sustained below prior day high area
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Trade stängt: målet nått
Target next supprt area below and acheived
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Jun 7th Support and Resistances
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Look for rejection or breakout on those marked levels
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Short entry on rejection of 49500 area
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Trade stängt: målet nått
Target acheived to immeadiate support level
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49200 area support held lowerside both targets acheived to upside
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Supply and DemandSupport and ResistanceTrend Analysis
rakeshreddym

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