Here i'm providing support and resistance levels for banknifty watch for rejection or breakout/breakdown on them to take trades.on 1 hr to 15 mins time it is overbought not expecting to rally like yesterday ,it could be sideways to bearish in my view until proven other wise if sustains over 49600 200 points can be tested around 49800 area.
Resistance 49600
Support 49250-49300
Resistance 49600
Support 49250-49300
Trade active:
rejected at resistance area short entry made
Comment:
kept at break even
Comment:
very tough buyers not giving up as of now
Trade closed manually:
missed target by 24 points exiting trade at breakeven
Comment:
one could have booked at half or trailed most of the time go for big targets once trade starts in your favour nothing to lose in this trade , depends upon indiviudual trader decision where to exit.
Trade active:
will try another one later and update here
Comment:
49600 above mentioned targets acheived
Comment:
reversed from 50k area longs stop or trailing important else all profits will be gone in a blink
Comment:
Today May 2nd support and resistance levels
Trade active:
today's long entry
Comment:
near support area bullish pinbar appeared small risk here
Trade active:
so far good lets see in my favour booked qty half rest open at kept at BE
Trade closed manually:
trade scrped in middle too much chop today
Comment:
For Firday 3rd May support and resistance levels, look for rejection or breakout on those S/R levels
Comment:
Rejected from exact resistance area
Comment:
Comment:
made a halt here of this much expecting a retracment till 49200 area entry long
Comment:
so far good
Comment:
failed nothing stopping selling today attempt long stopped out today wrong move seems almost went to target retrace back 260 points who would expect that much come back.