BankNifty support&resistance levels for Jun 6th Thursday
Updated
Banknifty is making a each 15 minute candle like a daily candles with such big candle risk factor will increases more on trading.Trade with caution risk management, position sizing is important on these volatile days .
Support 48800 Below if sustains short targets of 48600,48500,48400,48200.
Resistane 49150 above if sustains long targets of 49300,49500,49650,49800,50k.
Support 48800 Below if sustains short targets of 48600,48500,48400,48200.
Resistane 49150 above if sustains long targets of 49300,49500,49650,49800,50k.
Trade active
one short entry made in 1 min chart after tripple top in spot chart Trade closed: target reached
49400 PE 135 points Comment
Tripple top in spot chart reason for entry target that channel low area Comment
long entry on channle breakout Trade closed: target reached
Trade active
Third entry short sustained below prior day high area Trade closed: target reached
Target next supprt area below and acheived Comment
Jun 7th Support and Resistances Comment
Look for rejection or breakout on those marked levelsComment
Short entry on rejection of 49500 area Trade closed: target reached
Target acheived to immeadiate support levelComment
49200 area support held lowerside both targets acheived to upside 
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