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BANKNIFTY Intraday Tips For 25 May 2019

Last update on 23 May 2019
BANKNIFTY (EXP 30 May 2019) CMP-30477.9 currently in down side in intraday. It is likely to test support 29947.10 / 29416.30 / 28499.85. If it breaks above 30863.55 with volume then it may test upperside resistance, such as 31394.35 / 32310.80 / 32841.60.
INTRADAY SUPPORT AND RESISTANCE LEVELS
R4 32841.60
R3 32310.80
R2 31394.35
R1 31128.95
PP 30863.55
S1 30405.30
S2 29947.10
S3 29416.30
S4 28499.85
Last Day High 31780
Last Day Low 30332.75
LastLast Day Close 30477.9
Close down side
Always prefer to long if cross R2(with volume) and short if cross S2(with volume)