Nifty And Banknifty are in bearish trend till now, It means sell on rise like market. As said in previous posts nifty and bn are having important date as 16th december and high and low are very important.
After closing on that day low, market came down 2 percent and same way big cap stocks also came down as posted in this website www.news009.in
Now next date is 27th december ie yesterday. This is having high and low 18149, 17968. Any daily closing above high is bullish and below low is bearish till next few days and next important date.
Intraday traders also can trade basing 10-15 min closing candle above high and below low.
In nifty and banknifty both prices are trading below my EMA and supertrend and it is telling that market is sell on rise and should close above EMA as shown in pic for upside confirmation.
Nifty important time today - 10:00 5 min candle, Buy above high, sell below low.
Nifty is having important levels 18284, 18062, 17747, 17528 as shown in above pic.
Banknifty is having important levels 41337, 42155, 42980 as shown in above pic.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training
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