BankNifty Support and Resistance Levels
Support are 47800,47500-47450
Resistance are 48350-48400,48550-48600
January Month usualy a range bound month, better to trade on support or resistance area for more probability low risk high reward trades, if price did not falls into those support and resistance levels wait for 1 hr to form internal range then take trades accordingly.
(My suggestion is not to trade in between patience makes you get better entry rather forcing it.)
These levels Mentioned are from 30 mins chart my trading timeframe is 5 mins to 1 mins time frame ,where i look for price action on the support and resistance levels to get early entry.
Support are 47800,47500-47450
Resistance are 48350-48400,48550-48600
January Month usualy a range bound month, better to trade on support or resistance area for more probability low risk high reward trades, if price did not falls into those support and resistance levels wait for 1 hr to form internal range then take trades accordingly.
(My suggestion is not to trade in between patience makes you get better entry rather forcing it.)
These levels Mentioned are from 30 mins chart my trading timeframe is 5 mins to 1 mins time frame ,where i look for price action on the support and resistance levels to get early entry.
Commentaire:
Banknifty opened at minor resistance 48150 area ,47800 area support below and 48250 above is resistance
Transaction en cours:
Entry on resistnace area
Trade fermée: cible de profit atteinte:
Target reached to support 300 points
