BankNifty Support&Resistance Level for 15th April Monday
Banknifty formed a Gravestone Doji weekly candle which is reversal sign on top of uptrend and on Daily front it formed Inverted hammer candle again bearish one.Immeadiate support is 48250 to 48300 area if that voilates next one is 47800 area opens up.
US markets fell almost 5 to 6 percent in past 11 days or so and with Israeal and Iran tensions Our markets are also due for good correction a 3 to 5 percent expecting in comming days.
For Monday Support and Resistance levels are
Support are 48250 below sustains short Targets of 48100,47950,47800,47650,47500
Resistances are 48600
above sustains long Targets of 48775,48900,49000.
Mentioned support, resistance and targets can act as reversal points also please check price action those.
US markets fell almost 5 to 6 percent in past 11 days or so and with Israeal and Iran tensions Our markets are also due for good correction a 3 to 5 percent expecting in comming days.
For Monday Support and Resistance levels are
Support are 48250 below sustains short Targets of 48100,47950,47800,47650,47500
Resistances are 48600
above sustains long Targets of 48775,48900,49000.
Mentioned support, resistance and targets can act as reversal points also please check price action those.
Comment:
So far trendline support holding
Comment:
Trade active:
Comment:
Testing 1 hr timeframe trendline support if voilates 47950 can test below support area which is 47750-47650 area.