BankNifty Support&Resistance Levels for 9th Sep Monday
Updated
Banknifty Support and Resitance levels for Monday
Immeadiate Resistance is 50700 Area.
Immeadiate Support is 50470 Area.
Expecting a gap down with gift nifty close on firday night. In case of gap down do not jump into any trade to short some profit booking may happen that will cause price to retrace high a bit consolidate then fall again , 50200 and 50000 lowerside levels are important supports to watch for this week.if voilates another 1000 to 1500 points downside will open gates.
watch pa at given levels on chart for rejection of BO's ,
Immeadiate Resistance is 50700 Area.
Immeadiate Support is 50470 Area.
Expecting a gap down with gift nifty close on firday night. In case of gap down do not jump into any trade to short some profit booking may happen that will cause price to retrace high a bit consolidate then fall again , 50200 and 50000 lowerside levels are important supports to watch for this week.if voilates another 1000 to 1500 points downside will open gates.
watch pa at given levels on chart for rejection of BO's ,
Comment
Support held and reversed above resistance BO and target 1 acheived.
Comment
Target 1 area reversal trade to downside also a probabiity there .Trade closed: target reached
both targets acheived above resistance
Comment
10th Sep Support and resistance levels
Comment
rejected on resistacne and fell at support now check price action here for break down or rejection
Comment
Comment
Target 1 checked and revesedComment
51150 below short target till 51000 and 50900 ( educational purpose only do you own analysis before taking entry)
Comment
no short trigered yet too bullish
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