BankNifty Support&Resistance levels for 12th April Friday
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Banknifty support and and resistance levels.
Support:- 48800,48650,48500,48300
Resistance:-49050,49150,49350,49500
Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support
areas expecting and then resumes uptrend if any of the supports held.
Note:-Mentioned Support and Resistance levels can act as reversal points also.
Support:- 48800,48650,48500,48300
Resistance:-49050,49150,49350,49500
Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support
areas expecting and then resumes uptrend if any of the supports held.
Note:-Mentioned Support and Resistance levels can act as reversal points also.
Nota
1 hr Timeframe trendline support for reference.Nota
Testing the tredline resistance watch out rejection or breakout hereNota
Nota
trendline reject fell to next support area of 48600Nota
Nota
48800 below targt one acheived 48650 going for second target 48500 area.Nota
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