Nifty and banknifty are in bearish trend. Any buying will be sold off more or less. Coming to levels and analysis, 27th december is important date and so high and low are very important levels.
18149, 17967 are high and low on that day. Any daily closing will be bullish and below low will be bearish. After breakout trend can continue next few days and till given important date.
Intraday people can trade basing on levels on 10-15 min candle closing above high and below low levels.
Intraday timing today nifty, banknifty - 10:00 Trade on 5 min candle high and low, Above high bullish, Below low bearish.
Nifty as shown in pic it is in bearish and trend and 18284, 18062, 17747 are important support resistance levels. For upside trend it should close above 18300 for 2-3 days.
Banknifty 27th high and low are 42927, 42394. Any daily closing above will be bullish and below low will be bearish.
Important support resistance levels are 42980, 42155 as shown in pic.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training
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