BankNifty support and resistance levels still it is bearish below 48600 if tuesday low breaks it might go test 48000 and 47800 levels also.
Resistance : 48450 if sustains above target for 48600,48650,48700 area
Support: 48200 if sustains below short target for 48100,48050,47950,47800
Mentioned Support/Resistance and Targets will act as reversal points please check the price on those.
Note : we have past two day good expansion days chances are today might go contraction day a sideways day , options buyers avoid if you find any behaviour like that.
Resistance : 48450 if sustains above target for 48600,48650,48700 area
Support: 48200 if sustains below short target for 48100,48050,47950,47800
Mentioned Support/Resistance and Targets will act as reversal points please check the price on those.
Note : we have past two day good expansion days chances are today might go contraction day a sideways day , options buyers avoid if you find any behaviour like that.
Commentaire:
5 Minutes chart for reference
Commentaire:
48200 to 48250 will act as resistance if not 48400 area will be a hurdle
Commentaire:
Price stuck here between 48200 and 48000 until a breakout above or breakdown below happens stay away from it
Commentaire:
or look for long on 48000 area and shorting at 48200 area bit risky but one can scalp on these exitremes
Transaction en cours:
Trade fermée: ordre d’arrêt atteint:
stoped out this is kind of danger if you go against the trend
Commentaire:
i should have sticked to my initial view some times it happens mind reads other way
Commentaire:
48200 below 3 targets acheived but i failed today with wrong move
Trade fermée manuellement
Commentaire:
Yesterday i missed trade booked stop loss ,today entered short at same resistance area kept my view intact followed the plan
Commentaire:
Trailing now kept at 47900 will exit or take profit below
Trade fermée: cible de profit atteinte:
Closed trade 300 points captured
Commentaire:
Full target acheived
Transaction en cours:
Second entry
Commentaire:
Transaction en cours:
Today May 10ty trade long entry made when trendline breakout happened on retest entry long with small stop loss
Commentaire:
Trade fermée: cible de profit atteinte:
Target acheived