BankNify Support&Resistance Levels for August 16th Friday
BankNifty Support and Resistance levels to look and trade on friday are
immeadiate resistance if 49800 above sustains above long for targets of 50050,50230,50300,50400,50600.
Immeadiate support if 49600 below sustains below short for targets of 49400,49250,49100,49000.
Mentioned support and resistance including target areas can act as reversals please check price action on those.
Currently banknifty is taking support on daily timeframe trendline from below any positive price action on current level one can look for long if opens flat, this is one probability to keep for Friday apart from above support and resistance levels.
immeadiate resistance if 49800 above sustains above long for targets of 50050,50230,50300,50400,50600.
Immeadiate support if 49600 below sustains below short for targets of 49400,49250,49100,49000.
Mentioned support and resistance including target areas can act as reversals please check price action on those.
Currently banknifty is taking support on daily timeframe trendline from below any positive price action on current level one can look for long if opens flat, this is one probability to keep for Friday apart from above support and resistance levels.
Uwaga
Gap up opened upside 50200 is resistance now immeadiate support is 50000 and 49800 below
Uwaga
49800 tested my view is it will come lower to wednesday close area and then move up .
Uwaga
49800 area held did not go lower as expected to wednesday low area.
Uwaga
Gap up and came down to 49800 took supprot rallied all targets acheived above. i did bad today honestly deviated from my analysis booked loss.
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