Banknifty Support and Resistance levels for Monday to trade with 47250 is primary support if voilates and sustains below, immeadiate supports below may test 47100,46900,46700.
For upside price needs hover around 47450 area for couple of hours to give us some confidence that bulls are still got upper hand. don't go agrressive buying on top apply buy on dip scenario at supports.
Support are 47100,46900,46700
Resistance are 47350,47500,47780
Both Mentioned support and resistance levels can act as reversals alos please check price action on those levels.
For upside price needs hover around 47450 area for couple of hours to give us some confidence that bulls are still got upper hand. don't go agrressive buying on top apply buy on dip scenario at supports.
Support are 47100,46900,46700
Resistance are 47350,47500,47780
Both Mentioned support and resistance levels can act as reversals alos please check price action on those levels.
Note
5 Min chart for reference Trade active
took support at Friday close and today's 50 EMA with CPR support multiple confluence to long Trade closed: target reached
Target Acheived booked at 47500 Note
For March 5th Tuesday Support and Resistance levelsNote
Trade active
at supprot area bullish market went longNote
Trade closed: target reached
Note
March 6th Support and ResistancesNote
On open in 5 mins time frame second candle made a kind of bullish engulfing entry on top of it stop loss below second or first candle and target day high area Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.