BankNifty Support and Resistance levels for Tuesday 12th March

Banknifty closed today at important support area it needs held here to resume uptrend if voilates and sustains below it will test 47000 to 46700 areas. to trade bank nifty with support and resistance levles on tuesday are.

Support 47200 Below Sustains short targets of 47000,46900,46750,46700
Resistance 47430 Above Sustanins long targets of 47525,47650,47800.

Mentioned support,resistance and targets will act as reversal points also please check price action on those levels

Comment:

Took support on 47200 as mentioned in idea and above reisstance 47430 breakout all targets acheived upside.

Comment:

For 13th March this 47200 to 47160 support is very important upside 47525 e area is resistance anything stays in between it will eat premium above or below mentioned levels breakout can give good moves

Comment:

support breaks good fall happened