BankNifty Support&Resistance levels for 12th April Friday
Banknifty support and and resistance levels.
Support:- 48800,48650,48500,48300
Resistance:-49050,49150,49350,49500
Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support
areas expecting and then resumes uptrend if any of the supports held.
Note:-Mentioned Support and Resistance levels can act as reversal points also.
Support:- 48800,48650,48500,48300
Resistance:-49050,49150,49350,49500
Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support
areas expecting and then resumes uptrend if any of the supports held.
Note:-Mentioned Support and Resistance levels can act as reversal points also.
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1 hr Timeframe trendline support for reference.
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Testing the tredline resistance watch out rejection or breakout here
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trendline reject fell to next support area of 48600
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48800 below targt one acheived 48650 going for second target 48500 area.
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