Nifty and Banknifty are in bearish trend currently, Basing on astrology and mathematics, 16th december is important date.
Nifty high and low are 18440, 18255, Any daily closing above high will be bullish and low will be bearish downside. After breakout trend can continue till 29th december.
There are strong support around 18050-100. Any closing below we can expect more downside.
Banknifty 16th high and low are 43600, 43080. Any daily closing above trend can be bullish and closing below will be bearish. Trend can possible continue till 29th december after breakout.
If you are aware options strategies, You can trade accordingly with hedging.
Strong supports are 42980, 42700, 42150-200.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training
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