BankNifty Levels for Tuesday 6th Feb

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Banknifty support and resistance levels to trade on Tuesday,as per today's closing banknifty looking weak in my view sell on rise applies here, only above 46200 only it might get good short covering until then it will be bearish to sideways in the range.

Support are 45700 below sustains short Targets of 45600,45550,45350
46050 Above sustains long Targets of 46150,46200,46350,46400.

Mentioned targets above and below will act as reversals area also please check price action on those levels.

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Two targets acheived below 45700 as expected it did sideways to bearish as per mentioned in my idea above

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For wednesday levels to trade with support and resistance , Currently it is trading in range of 550 points 46000-46200 above and 45550 below

Support are 45550 Below sustains short Targets of 45300,45150,45000
Resistance are 45850 Above sustains Long Tragers of 45950,46050,46150

Mentioned targets above and below will act as reversals area also please check price action on those levels.

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