Nifty, Banknifty 20th Jan And Week Analysis, Levels And Direction, Stock Market -
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Nifty and bank nifty are in bullish trend daily and bearish trend weekly, Only market will become bullish after daily closing above 18200 for 2-3 days, towards 18900 and more high's. Risk reward favors downside means mostly market can be range bound to bearish. People can invest in parts around 17000, 16000, 15000 levels in good fundamental stocks.
My Strategy - 19th Jan is important date basing on astrology and mathematics. That day high and low are very important and formed 18155, 18063. Any daily closing above high is bullish and below low is bearish and can sustain for next few days.
Next selling pressure date - 24th is selling pressure date basing on astrology and mathematics. Observed selling pressure on these dates mostly.
18284, 18062, 17747 are important support resistance, You can see price is almost took support 5-6 times. Any closing below 19th low, Market can go more down.
42670, 42155, 41337 are important support resistance. Any closing below 19th low we can expect 42130. Should close above 19th high for upside.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training.
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