BankNifty Support and Resistance Levels for 4th March Monday

Banknifty Support and Resistance levels for Monday to trade with 47250 is primary support if voilates and sustains below, immeadiate supports below may test 47100,46900,46700.

For upside price needs hover around 47450 area for couple of hours to give us some confidence that bulls are still got upper hand. don't go agrressive buying on top apply buy on dip scenario at supports.

Support are 47100,46900,46700
Resistance are 47350,47500,47780

Both Mentioned support and resistance levels can act as reversals alos please check price action on those levels.

Comment:

5 Min chart for reference

Trade active:

took support at Friday close and today's 50 EMA with CPR support multiple confluence to long

Trade closed: target reached:

Target Acheived booked at 47500

Comment:

For March 5th Tuesday Support and Resistance levels

Comment:

Trade active:

at supprot area bullish market went long

Comment:

Trade closed: target reached:

Comment:

March 6th Support and Resistances

Comment:

On open in 5 mins time frame second candle made a kind of bullish engulfing entry on top of it stop loss below second or first candle and target day high area

Trade closed: target reached: