Nifty And Banknifty is having important date as 16th december basing on astrology and mathematics. And so high and low are also very important levels.
High and low are 18441, 18255. Any daily closing above will be bullish and below low will be bearish. Yesterday candle was big and didn't sustain above high and closing was strong below our level low 18255.
So expecting downside from here and stoploss will be high 18441 on closing basis. Trend can continue till 29th december mostly on same direction of breakout.
Intraday is very risky but can trade on 10-15 min candle closing basis on above given levels.
Tomorrow 23rd december is bearish day, selling pressure possible basing on astrology and mathematics.
Till 18060 there important support as shown in below pic. Below on closing can go till 18650-750 levels.
Banknifty is having high and low on same date 43598, 43080. Yesterday it closed below low and expected to be bearish to rangebound till 29th december. As shown in below pic, Strong support around 42150-200.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, Telegram - Stock market trading training.
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