Banknifty gave a one sided move today and closed below in last week range if it breaks the immeadiate support of 46900-46950 and sustains it will test lower levels of 46800 to 46600 area again if held at support (46900-46950) may resume uptrend again till next resistance area 47250-47300 area.
support 46900-46950
reisstance 47250-47300
support 46900-46950
reisstance 47250-47300
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Now 46900 area is crucial if breaks it may see another 100 to 200 points to downside
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5 mins chart
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Both support and resistance held today for tommorow also same levels act as support and resistance
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For Friday Levels
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47650-47600 Support
47850-47900 Resistance
47850-47900 Resistance
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Hit the the resistance area at open did not sustain expecting it to test support levels beleow if checks need to see price action there in between support and resistance no trades are safe
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Price took support and held
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as metioned support and resistance levels worked well for this week , closing this idea here will come up with new one for monday support and resistance levels , give a like if you like the idea above.
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DEC 18th trade
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