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Nifty, Banknifty Analysis For 12th Jan And Week, Levels, Direction, Stock Market - News009

 Nifty, Banknifty Analysis For 12th Jan And Week, Levels, Direction, Stock Market  - 

Nifty and banknifty are in bearish trend, As prices are below EMA and supertrend. As saying from last few weeks, It should close and sustain above EMA for 2-3 days for 18900 and more highs.

Given 11th as selling pressure date last 2 days and as said yesterday low in nifty and banknifty are -70, -240. 

My Strategy - 6th Jan is important date basing on astrology and mathematics. That day high and low are very important and formed 18047, 17795. Any daily closing above is bullish and below low is bearish and can sustain for next few days. It closed above high and now it is bullish to range bound trend. I will be bearish only below 6th low 17795 on daily closing. 

Intraday time nifty - 10:20 5 min candle bullish above high and bearish below low. Banknifty - 10:25

nifty 12th jan

18062, 17747 are important support resistance, you can trade intraday basing on candle at level. Any close below 6th low nifty will be more bearish towards 17500. 

12th jan banknifty

42670, 42155, 41337 are important support resistance, any closing below banknifty is more bearish towards 41300. 

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






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