Nifty, Banknifty Analysis For 4th Jan And Week, Levels, Direction, Stock Market - Nifty and bank nifty are in bullish trend currently. It should close above 18300 and sustain for highs and more highs.
18400 is level of January anything below will be bearish and above bullish for January. As my strategy as giving daily in posts, 27th december is important date basing on astrology and maths. High and low are important on date and it closed above and it is bullish to rangebound from last 4 days as mentioned in previous posts.
Only bearish to rangebound coming days if closes below low 17967.
Intraday nifty time - 10:00 - 5 min candle high above bullish and below low bearish.
As shown in above pic, 18284, 18062, 17747 are major support resistance, same way price respected levels almost. Almost it is between 1st 2 levels for 7 days.
Intraday banknifty time - 10:10 , 5 min candle above high closing bullish below low bearish.
Banknifty closed above 27th high and currently bullish to rangebound till it closes below low.
As shown in pic 43504 is level for January, anything above bullish and below bearish. 42980, 42155 are major support resistance.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training
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