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Nifty, Banknifty Analysis For 5th Jan And Week, Levels, Direction, Stock Market - News009

Nifty, Banknifty Analysis For 5th And Week, Levels, Direction, Stock Market - Nifty and Banknifty are in bearish trend now. As saying from last few days in posts, It didn't closed above 18300 for 2-3 days and not even touched. 

It closed below last 6 days closing price indicating more weakness. According to my strategy, 27th is important date and high and low are important, 18149, 17967 are high and low. price closed above high and sustained for 4 days. Any closing below low we can assume there is further downside coming days. 

Tomorrow 6th is pressure date and selling pressure possible in nifty. As trend is downside we can expect downside possibility more. 

5th jan nifty

As shown in pic, 18284, 18062, 17747 are important support resistance. You can see last few days price in between 1st 2nd levels. Price is not sustaining above EMA so more selling possible. 

Nifty, Banknifty Intraday Time - 10:15, 5 min candle buy above high sell below low. 

5th jan banknifty

Banknifty closed above 27th high and 4 days it is bullish to rangebound, any closing below low of 27th can be bearish to rangebound. 43813, 42980, 42155 are major support resistance. You can also trade on these levels and Intraday on 15 min candle closing above and below. 

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

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