Nifty and Bank nifty Technical Analysis 17/12/2019

NIFTY
Close=12053.95

     FII--DII DATA
  • FII- EQUITY       +728.13
  • DII- EQUITY       -796.38

  • FII-IDX FUT        -596.67
  • FII-IDX OPT.      +256.63
  • FII-STK FUT .      -252.93
  • FII-STK-OPT.       -136.42


 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.
                       
A Nifty Analysis  We can see a big upside we should see a good move in nifty.
Just  a close above 12100 for a move upside to 12140/12190/12230.
        Selling pressure get active below 12035 for a expected to 12000/11950/11900/11850

Let's Day Reversal Time
11:00/1.30/2.45

Nifty Futures Trend  upside level is 12110 For Intraday Traders).

Nifty spot Trend upside level is 12090 for intraday Traders.

 Nifty spot Trend Changer Level (Positional Traders) 12160
Intraday level Nifty
Buy Above 12075 Tgt 12110,12140 and 12160 (Nifty Spot Levels)
Sell Below 12040 Tgt 12000,11970 and 11950 (Nifty Spot Levels)

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Bank nifty

Close=31974.20

Today banknifty days high 32186.95

And profit booking 300 point down in High level




Or 17/12/2019


Most important level Upside and Downside


Upside level at 32050

Downside level at 31900

     BANK NIFTY seems there is no strength at higher level yes in last  days index if come back to 32200 selling pressure in Bank nifty. 


Bank nifty resistance 32050/32150/32300


If Two and Third resistant can buy in this level close Above 32150 an hold  five minutes to ten minutes and buy expected Target 32300/32500/32750


Bank nifty support 31900


Bank nifty considering support around 31800/31750 next support 31600/31500/31390


NOTE 👇
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Comments

Nifty Sensex said…
Nifty life time high 12170...
Bank nifty life time high32213..

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