BankNifty Support and Resisitance levels for Feb 26th Monday

Updated

Banknifty levels to trade with Support and Resistance strategy, if bank nifty sustains below 46700 it will test 46500 to 46400 area downside.And above 46900 sustains it wil test 47050,47150,47200,47300 on higherside.

Major Support 46500,46400 area
Major Resistance 46150 -46300 area

I have done some anaylysis on Nifty Private bank also it will effect the banknifty index tagging with this idea below please check that one also.

Note

Updating 5 Mins chart for reference

Note

Feb27th Upadate
46400 is good support don't go aggressively short here only below or breakdown of 46425 area may fall further 200 to 300 points below.

Trade active

Today's trade 27th Feb

Trade closed: target reached

Note

Feb 28th Support and Resistance levels

Note

Trade active

Trade closed: target reached

rakeshreddym

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