BankNifty support and resistnace levels currently trading in a rectangle pattern until breakout of this range happens it will trade in this area only better to trade edges of highs and lows for more probability entries.
Look out for Breakout or Breakdown of rectanglar pattern also with price action take trade that side.
Supports are 47800,47580 areas.
Resistance are 47980,48200 areas.
2 Probabilites
1.In Range trade the edges highs or lows
2. Breakout or Breakdown of rectangular pattern.
Look out for Breakout or Breakdown of rectanglar pattern also with price action take trade that side.
Supports are 47800,47580 areas.
Resistance are 47980,48200 areas.
2 Probabilites
1.In Range trade the edges highs or lows
2. Breakout or Breakdown of rectangular pattern.
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Currently at one can go long here with positive price action
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Support not held here
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