Bank Nifty - Post budget analysis

1 011
Price is still facing resistance at 50k and not sustaining above it. Bullish trend should develop strength to break this resistance and move up. Support levels are 49300 and 49500. Below this zone bears may take control.
Buy above 49500 with the stop loss of 49420 for the targets 49580, 49660, 49780, 49900, 50040, 50120 and 50240.
Sell below 49300 with the stop loss of 49380 for the targets 49220, 49100, 49020, 48940, 48800 and 48720.
Always do your own analysis before taking any trade.
註釋
Resistance testing. 快照

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