BankNifty Support&Resistance levels for 12th April Friday

11 Nis

Banknifty support and and resistance levels.

Support:- 48800,48650,48500,48300
Resistance:-49050,49150,49350,49500

Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support
areas expecting and then resumes uptrend if any of the supports held.


Note:-Mentioned Support and Resistance levels can act as reversal points also.

11 Nis

Not

1 hr Timeframe trendline support for reference.

12 Nis

Not

Testing the tredline resistance watch out rejection or breakout here

12 Nis

Not

12 Nis

Not

trendline reject fell to next support area of 48600

12 Nis

Not

12 Nis

Not

48800 below targt one acheived 48650 going for second target 48500 area.

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Not

12 Nis

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