BankNifty support&resistance levels for Jun 6th Thursday

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.

Сделка активна:

one short entry made in 1 min chart after tripple top in spot chart

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49400 PE 135 points

Комментарий:

Tripple top in spot chart reason for entry target that channel low area

Комментарий:

long entry on channle breakout

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Сделка активна:

Third entry short sustained below prior day high area

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Target next supprt area below and acheived

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Jun 7th Support and Resistances

Комментарий:

Look for rejection or breakout on those marked levels

Комментарий:

Short entry on rejection of 49500 area

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Target acheived to immeadiate support level

Комментарий:

49200 area support held lowerside both targets acheived to upside