Power of Resistance and Support

 

Power of Resistance and Support

Nifty  50 _ opened below resistance and did not break the 15min day low sustained above breakout level, again created range and gave breakout. every swing low worked as strong support.

Nifty bank _ opened at breakout level then tested last  day closing and closed 15min candle above the breakout level then sustained and formed inside candle, again gave breakout and continued above the level ,every previous low  worked as strong support.