Nifty Support&Resistance Levels for 12th April Friday.

Nifty is in rising channel pattern now at top of the channel if 22800 rejects or a gap down opens and sustains below 22650 Nifty can see 22550-22500 levels.Market is overbought a dip and resumes uptrend in my view.

Support are 22650-22675,22550-22500,22420,22380.
Resistance are 22800,22870,22900,22950,23000.

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

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15 Mins chart for reference.

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trendline support holding so far if sustains here might see 22800 to 22850 end of day

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keep eye on breakdown of trendlne also if that lower levels mentioned in idea can acheive

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trendline breakdown retest done and fell

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Trade closed: target reached:

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For monday 22300 area is important support area if that voilates today or tommorow nifty might see 22000 to 21900 area again watch out for break down on support.

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22300 area took support

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Trade active:

Trade closed: target reached:

Adjusted stop loss a bit here

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