BankNifty support&resistance levels for Jun 6th Thursday

Actualizado
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.
Operación activa
one short entry made in 1 min chart after tripple top in spot chart
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Operación cerrada: objetivo alcanzado
49400 PE 135 points
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Nota
Tripple top in spot chart reason for entry target that channel low area
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Nota
long entry on channle breakout
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Operación cerrada: objetivo alcanzado
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Operación activa
Third entry short sustained below prior day high area
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Operación cerrada: objetivo alcanzado
Target next supprt area below and acheived
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Nota
Jun 7th Support and Resistances
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Nota
Look for rejection or breakout on those marked levels
Nota
Short entry on rejection of 49500 area
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Operación cerrada: objetivo alcanzado
Target acheived to immeadiate support level
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Nota
49200 area support held lowerside both targets acheived to upside
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Supply and DemandSupport and ResistanceTrend Analysis

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