BankNifty support&resistance levels for Jun 6th Thursday

Banknifty is making a each 15 minute candle like a daily candles with such big candle risk factor will increases more on trading.Trade with caution risk management, position sizing is important on these volatile days .


Support 48800 Below if sustains short targets of 48600,48500,48400,48200.
Resistane 49150 above if sustains long targets of 49300,49500,49650,49800,50k.

Trade active:

one short entry made in 1 min chart after tripple top in spot chart

Trade closed: target reached:

49400 PE 135 points

Comment:

Tripple top in spot chart reason for entry target that channel low area

Comment:

long entry on channle breakout

Trade closed: target reached:

Trade active:

Third entry short sustained below prior day high area

Trade closed: target reached:

Target next supprt area below and acheived

Comment:

Jun 7th Support and Resistances

Comment:

Look for rejection or breakout on those marked levels

Comment:

Short entry on rejection of 49500 area

Trade closed: target reached:

Target acheived to immeadiate support level

Comment:

49200 area support held lowerside both targets acheived to upside