IIT-Trader

IIT-Trader

Key level to be observed is 39200 If break it may act as a Resistance.....Until it is a good Support. If price strongly break above 39900 .. level to be observed is 40100 at least will observe some pullback for target of 40500 level. If price strongly break Below 39200 .. level to be observed is 38800 at least will observe some pullback for target of 38300 level.

IIT-Trader

Previous Strong Support 39600 is acting as a resistance and falling but a level to be observed is 39200 if act as Support price may again moves up. If price comes back to 38600 look for selling at 39000-39150 are to goes down.

IIT-Trader

Previous Strong Support 39600 if act as a Resistance and price goes down ,but a level to be observed is 39200 if act as Support price may again moves up. If price comes back to 38600 look for selling at 39000-39150 are to goes down. Note : Consolidation Stage: 39800-39000

IIT-Trader

Resistance is observed at 17160, 17200 and 17300 Support is observed at 16800 price is consolidate between 17200 and 16800

IIT-Trader

Resistance is observed at 39400 and 39600 Support is observed at 38600 and 38200 Price is between 39600 and 38400.

IIT-Trader

Strong support at 16800 levels if break price again comes back from (16500-16600) to 17400 level to fallback to 16200 levels . or Price may again Goes up strongly to 18000 levels and fall back to next strongest level at 16200 levels. Key levels are 17950 17400 16800 16500-16600 16200

IIT-Trader

Price break previous Strong Support at 39600 ... Retest is observed and closed exactly at 39600. Tomorrow price may opens Gap down ....and continue towards 38600. or if opens flat and break 39800 it may again come back to 40100 and 40500 levels again and fallback.

IIT-Trader

Short Side : Good for Selling at 40100 and 40470 Areas to continue towards downside movement for target of 38600. GO Long : Look at 39200 area to go long for target of 40100. Today : price consolidate between 39200 and 39600,40100.

IIT-Trader

Before going to break 39600, price may give retest to 40500 to fall more.. if price breaks 39600 then also price will come back to 40500... be careful before going to carry any positions, both side price movement is going to be observed next two days.

IIT-Trader

Key levels to be observed are 41700 ----->if breaks immediate Resistance at 41920-42000 (Sharp downfall) Lot of long positions may be exited at this place... ------->May get reversal from this zone again. -------->Today support is formed at 41300 levels and if breaks strongly it may reach up to 40900. If Consolidation happens again between 40700 to 40300 price...

IIT-Trader

Previous Resistance at 42000 if price breaks 42000 level the immediate targets for BANKNIFTY are 42170, 42450 and final target of 42600 price may get reversal from this area again for downside. we will observe mostly Gap downs this time for strong Bearish Momentum. mostly volatile between 42000 to 42500 sharp moves are going to be observed.

IIT-Trader

A strong sell off is going to observe between 41500 to 40900 below to downside for targets of 40600,40200,39900 Consolidation between 40200 and 36900 before going to break a strong support at 36900.

IIT-Trader

Here I am providing levels for tomorrow if price breaks 17400 and 17360 act as a Support price goes up for targets of 17460, 17515,17550 overall target of 17600. Supports are 17230 17140 17025

IIT-Trader

BANKNIFTY levels to trade for tomorrow. as mentioned Earlier I have shared my levels for 2nd March they act as Perfect Support at 40500 and also take a pullback at 40390 level to 40500 and fallback to 40300. so today also I am sharing my levels that may act as support and Resistances are: if 40400 act as support price will go up. Resistances...

IIT-Trader

Support and resistance levels can help traders Here I define support and resistance levels, Resistances: 17500 17590 17670 Supports: 17230 17140 17025

IIT-Trader

Price action is said to be bullish in smaller time frame ,no detection of bearish momentum in smaller Timeframes as overall momentum is already Bearish. Key Area of Resistances : Resistance1: 40840 Resistance2: 41100 Resistance3: 41300 Key Area of Supports: Support1: 40560 Support2: 40390 Support3: 40300- 40100

IIT-Trader

Support and resistance levels can help traders Here I define support and resistance levels, GO LONG: If 17400 targets of 17500,17590,17670 Go Short : 17230,17140,17025

IIT-Trader

Strong sell off observed at 40700 so May act as Resistance Strong SUPPORT is observed at 39800,39600 before going to break 36900 again we see some consolidation or Strong Breakdown again. Long: if 40400 breaks at retest(Pullback) go long untill 40700. Short : if 40100 break and gives pullback enter for Short targets of 39800,39600,39300