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Nifty, Banknifty Analysis For 16th Jan And Week, Levels, Direction, Stock Market - News009

 Nifty, Banknifty Analysis For 16th Jan And Week, Levels, Direction, Stock Market - 

Nifty and banknifty are in bearish to rangebound overall as it is below EMA and supertrend. Should close above 18200 for 2-3 days for 18900 and more upside. 

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 - 10:00, Banknifty - 10:00, 5 min candle above high, bullish and below low, bearish.

16th Jan Nifty
18284, 18062, 17747 are important support resistance, You can see price is almost took support 5-6 times. Any closing below 6th low, Market can go more down. 

16th jan banknifty
42670, 42155, 41337 are important support resistance. Any closing below 6th low we can expect 41300. Should close above 6th 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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