BankNifty Support and Resistance levels to trade on friday are
Support is 47000-46950 area look for breakdown or rejection here down side targets will be 46800,46650,46600. if support got held reversal can play till targeting 47400 area Resistance is 47350 to 47400 area look for breakout or rejection here higher side target will be 47550,47600,47750,47800 and in case of rejection on resistance play till target of support area and more if price action permits.
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as mentioned target area 46600 acted as reversal
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look where it it took support on daily time frame trndline
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Support and Resistance levels for Banknifty April 22nd Monday.
Look for rejection or breakout from resistance and support areas mentioned on chart
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entered long on support area 48000 CE at 133
Trade active
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Trade closed: target reached
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103 points booked
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spot chart support to resistance trade
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April 23rd support and resistance
today market opening at resistance level wait for a dip if found support on 47100-47150 area look for long don't chase on the highs
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bakwas price action whole day in almost stuck in 100 points rang after opening drop.
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April 24th Expirty support and resistance levels
Trade active
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Trade closed: target reached
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today april 25th opened at support level and rallied currently tading at resistance area watch out 48300 area rejection short here and breakout above long