BankNifty Levels for Monday 8th Jan

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BankNifty Support and Resistance Levels

Support are 47800,47500-47450
Resistance are 48350-48400,48550-48600

January Month usualy a range bound month, better to trade on support or resistance area for more probability low risk high reward trades, if price did not falls into those support and resistance levels wait for 1 hr to form internal range then take trades accordingly.
(My suggestion is not to trade in between patience makes you get better entry rather forcing it.)

These levels Mentioned are from 30 mins chart my trading timeframe is 5 mins to 1 mins time frame ,where i look for price action on the support and resistance levels to get early entry.
注释
Banknifty opened at minor resistance 48150 area ,47800 area support below and 48250 above is resistance
快照
交易开始
Entry on resistnace area
快照
交易结束:到达目标
Target reached to support 300 points
快照
Supply and DemandSupport and ResistanceTrend Analysis

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