Nifty and Bank nifty Technical Analysis 10/12/2019

Nifty
Close=11937.50


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 What direction will the Nifty move during the day

How many levels can go up and down?

Where the Nifty closes above the level, there is a big upside, and where the level closes below, the big down comes.

    Nifty seems there is no strength at higher level yes in last two days index if come back to 11960/11985  selling pressure in Nifty. 

Nifty resistance 11950/11980/12030

If Two and Third resistant can buy in this level close Above 11980 an hold  five minutes to ten minutes and buy expected Target 12100/12200



Nifty support 11900



Nifty considering support around 11900/11850 next support 11790/11750



 BANK NIFTY UPDATE 

Close= 31316.65



Today banknifty days high 31550

And profit booking 300 point down in High level



Or  10/12/2019

Most important level Upside and Downside

Upside level.   31600

Down side level 31200


     BANK NIFTY seems there is no strength at higher level yes in last  days index if come back to 31500 selling pressure in Bank nifty. 



Bank nifty resistance 31500/31750/31850

If Two and Third resistant can buy in this level close Above 31750 an hold  five minutes to ten minutes and buy expected Target 31900/32050/32150



Bank nifty support 31200



Bank nifty considering support around 31150/31100 next support 31000/30900/30800







Comments

Nifty Sensex said…
Nifty update days new low 11876.10
Nifty Sensex said…
Bank nifty days new low 31009

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