Nifty Bank IndexLong
BANK NIFTY-Critical Support &Resistance Levels
Updated
BANK NIFTY: Bank nifty after a bullish run took a pause today.
Major support levels :46700-750-Close below 46750 would make an attempt to fill the bearish gap upto 46500.
47000-47100/47270 acts as the resistance. Sustaining above 47300 -as per the Triangle pattern formed in lower time frame charts would make an attempt towards 47800-48000.
Those who are positionally long shall trail keeping todays low as SL and so on for the coming days also for a positional target of 48000 and eventually to 50k
(For Educational purpose only)
Major support levels :46700-750-Close below 46750 would make an attempt to fill the bearish gap upto 46500.
47000-47100/47270 acts as the resistance. Sustaining above 47300 -as per the Triangle pattern formed in lower time frame charts would make an attempt towards 47800-48000.
Those who are positionally long shall trail keeping todays low as SL and so on for the coming days also for a positional target of 48000 and eventually to 50k
(For Educational purpose only)
Note
As indicated closed the bearish gap extending upto 47500,need to see whether it takes support hereNote
as projected exactly tested R2 -47270 levels,sustaining above 47300 47500-47800 is on the cardsNote
as predicted TGT 1:47800 done,my positional TGT for BNIFTY is 50000
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