BankNifty Support and Resistance Levels for 27th March Wednesday

BankNifty is trading in range of 600 points since march 14th only once it gave a breakdown to downside to check lower levels of 46200 and 45800 but somehow held now back again into that consolidation range of 600 points 46800 above and 46550 below are important levels to watch out for good move and good trade probability.

46800 Above Sustains Long Targets of 46900,46975,47050,47200,47375
46550 Below Sustains Short Targets of 46400,46300,46150,46000,45900,45800.

Mentioned Support,Resistance,Targets can act as reversal points also please check price action on those levels

Comment:

46800 Above almost two targets acheived as mentioned in idea those support,reisistance and targets can be reversal points, reversed from second target area on higherside.

Comment:

closed flat in same range as mentiond idea

Comment:

For 28th March Wednesday

Resistance is 46950
Support is 46700

Only voilation of these levels will give good move of 300 to 400 points which ever side it breakes if not it will end in sideways and Friday is holiday .

Comment:

Trading above 46950 levels may test 47200 and 47300 like mentioned above in idea for 28th march breakout or breakdown will fetch 300 to 400 points.

Comment:

47200

Trade closed: target reached:

47350 acheived 400 points above resistanve breakout.