BankNifty Support&Resistance levels for wednesday 16th oct
Updated
Banknifty levels to trade on Wednesday 16th oct.
Banknifty taking resistance from under at 20 ema and support at 50 ema in daily front.
(Support 51766,Resistance 51988).
Long if sustains above 52025 for targets of 52300,52450,52600,52800.
Short is sustains below 51800 for targets of 51700,51550,51400,51300.
watch for reversal at support,ressistance and target area above and below.
Educational pupose only do your own analysis before taking entries.
Banknifty taking resistance from under at 20 ema and support at 50 ema in daily front.
(Support 51766,Resistance 51988).
Long if sustains above 52025 for targets of 52300,52450,52600,52800.
Short is sustains below 51800 for targets of 51700,51550,51400,51300.
watch for reversal at support,ressistance and target area above and below.
Educational pupose only do your own analysis before taking entries.
Note
52k taking resistance
Note
52k rejected and tested the support below 51800 area .
Trade closed manually
tough day for option buyers Note
dwon side targets acheived
Note
Today's trade
Trade closed: target reached
Trade closed: target reached
premium chart for the trade above
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