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Nifty, Banknifty Analysis For 23rd December And Week, Stock Market India - News009

 Nifty and banknifty is in negative trend, already posted in previous posts that 16th december is important date basing on astrology and mathematics. That day high and low are very important and high is 18440,low is 18255. 

Any daily closing is bullish above and below low will be bearish. This week already closed below and now it is trading below 18000. Currently trend is bearish and expecting trend to be bearish to rangebound till 29th december basing on astrology and mathematics. 

17650-750 there is strong supports, Mostly nifty and banknifty can bounce from here, Otherwise we can expect more downside. 

Already posted in yesterday post that 23rd selling pressure possible. 


Banknifty is also having 16th as important date now it is closed below low and came more downside. 

42150 is strong support and anything closing below can give more downside as shown in below pic.

 

Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training

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