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Nifty, Bank Nifty Analysis On 9th December, Support Resistance Levels - News009

 Visakhapatnam - 

As said in earlier posts, 5th December high and low will be very important for direction for both nifty and bank nifty.

Nifty has closed below low 18590 but again we got buying yesterday. 16654 at least should be gone by closing for upside for 18730 and more. 

Bank nifty closed above 5th high and now trading around 43700. I will be bearish only closing below 5th low in both nifty and bank nifty. 

If 18730 was not taken on closing basis, We can expect trend to be bearish to range bound till 16th December.

Global is bullish yesterday and so we can expect bullish for nifty but daily trend is still bearish for nifty.

Nifty Timing today - 9:45, 1:05 Take 5 min candle buy above 5 min closing and sell below. 

 

nifty

Disclaimer - Only for education purpose ,contact your advisor. Any Query - Contact Prakash - 8050797018

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