BankNifty Support&Resistance levels for Monday Jun10th
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NiftyBank
For trading Bank Nifty on Monday, focus on the immediate support level at the 49650 area. If the price falls below this level, look for potential targets at 49450, 49300, and 49200. On the upside, the resistance zone lies between 49950 and 50000. A breakout above this resistance could lead to targets at 50100, 50250, 50350, and 50500. Pay close attention to rejection to play reversal or breakout signals at these critical levels to determine your entries and exits for the day.
For trading Bank Nifty on Monday, focus on the immediate support level at the 49650 area. If the price falls below this level, look for potential targets at 49450, 49300, and 49200. On the upside, the resistance zone lies between 49950 and 50000. A breakout above this resistance could lead to targets at 50100, 50250, 50350, and 50500. Pay close attention to rejection to play reversal or breakout signals at these critical levels to determine your entries and exits for the day.
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if follows levels trading looks easy ملاحظة
49650 area support still intact been tested couple of time but held, same levels of support and reistances (49950-50k) will play for tommorow jun 11th also look for rejection or breakout on those levels.ملاحظة
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Expecting a range bound week below is the range i will playout since all the hype on elections now coolsdown nothing fancy expecting unless proven other wise.Play on these levels look for rejection or breakout, other places just enjoy popcorn do nothing.
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Support and resistance strategy 3 trades if followed price action on marked levelsملاحظة
First trade long bullish engulifing confirmation on support 49650 areaSeceond trade short on resistance bearish engulfing confirmaton 49950 area
Third trade again on resistance a shooting star and inside candle condfirmation 49950 area.
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today trade resistance breakout weak pull back entry long on highest of breakout candle stoploss resistance levelملاحظة
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150 points so far one can book here or trail ملاحظة
200 points ملاحظة
Short on Resistanceتم إغلاق الصفقة يدويًا
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Today Jun 13th Still in range opened in resistance area rejected ملاحظة
Sell on rise continued today also for tommorow 14 th june 49800 immeadiate support and next one is 49600 area. if price sustains above 50250 will get nice move upside until then sell on resistance areas, good buy area is 49600 area a weak support at 49800 also there check price action if held can long.ملاحظة
as expected closed in range ,see above comment made on jun 11 th i mentioned it will be a range bound week ending same in the zone.
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