Nifty and Bank nifty update 01/01/2020

NIFTY

Close At 12168.45

 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.

                          Chart ⤵⤵⤵⤵

Most important level upside downside
Upside level at .          12225
Downside level at .    12100

    Nifty seems there is no strength at higher level yes in last two days index if come back to 12225/12250  selling pressure in Nifty.

Nifty resistance  12180/12200/12250/12290

If Two and Third resistant can buy in this level close Above 12201 an hold  five minutes to ten minutes and buy expected Target 12250/12290/12350

Nifty support 12125

   Nifty considering support around 12140/12125 next support 12090/12050/12000



 BANK NIFTY UPDATE 

Close= 32161.65

Today banknifty days high 32345.95

And profit booking 200 point down in High level

Or 31/12/2019

Most important level Upside and Downside
Upside level at .           32350
Downside level at.      32000


     BANK NIFTY seems there is no strength at higher level yes in last  days index if come back to 32300/32350 selling pressure in Bank nifty.

Bank nifty resistance 32250/32350/32500

If Two resistant can buy in this level close Above 32300 an hold  five minutes to ten minutes and buy expected Target 32500/32650/32800

Bank nifty support 32100

Bank nifty considering support around 32000/31965 next support 31800/31700/31500

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