Nifty Supprot&Resistance levels for 2nd May Thursday

Updated

Here are Nifty support and resistance levels to trade ,watch for rejection or breakout of those levels if an entry found and trade is in your favour follow stirct stop losses or trail big swings happening in market.

Resistance :22670 if sustains above 22720 22780,222800 will test.
Support :-22550-22560 area if sustains below lowerside 22500,22450,22400 levels may test.

Mentioned S/R and targets can act as reversal points aslo please check the price action on those.

Note

openeing at support area watch for rejection or breakdown here

Note

so far resistacnce area intact and rejected

Trade active

long entry on support area

Trade closed: target reached

target acheived

Note

for Friday 22720 above and 22620 area below resistance and support which ever side breakout happens expecting good move. keep watching those levels for rejection or breakouts.

Note

entry long expecting bit retrament

Note

failed too much intense selling happening

rakeshreddym

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