BankNifty Support&Resistance levels for 12th April Friday

Apr 11

Banknifty support and and resistance levels.

Support:- 48800,48650,48500,48300
Resistance:-49050,49150,49350,49500

Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support
areas expecting and then resumes uptrend if any of the supports held.


Note:-Mentioned Support and Resistance levels can act as reversal points also.

Apr 11

Note

1 hr Timeframe trendline support for reference.

Apr 12

Note

Testing the tredline resistance watch out rejection or breakout here

Apr 12

Note

Apr 12

Note

trendline reject fell to next support area of 48600

Apr 12

Note

Apr 12

Note

48800 below targt one acheived 48650 going for second target 48500 area.

Apr 12

Note

Apr 12

Trade closed: target reached