Nifty, Banknifty Analysis 3rd January And Week, Levels, Direction, Stock Market - Nifty and banknifty are in bullish trend, Nifty is bounced from lower EMA and any daily close above upper EMA can move more higher towards 18400 and high.
As per my strategy 27th is important date for nifty and banknifty, Any daily closing above that day high is bullish and below low is bearish till next date.
Last week it closed above high and now it is bullish to rangebound until it closes below low 18149,17967.
I have provided same levels with date for hdfc bank, tcs, infy and reliance in this website www.news009.in.
Nifty is having important support resistance as 18284, 18062, 17747. You can see in pic 18062 acted almost support for last few days. You can also trade on these levels intraday on 15 min candle closing above and below level.
Intraday time nifty - 10:10 any 5 min candle closing above and below low can make trend. Banknifty - 10:00.
Banknifty is in bullish trend as it closed above 27th dec high and stoploss will be till low closing. 42155, 42980, 43813 are important support resistance which can be traded on intraday also.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training
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