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Charts for 21st December, 2023 Expiry

Charts , Data

Pixarts Trade December 16, 2023 01:50 PM

NIFTY 50

charts
Fig. NIFTY OI Chart
Fig. Nifty Weekly Chart
Fig. Price Patterns for NIFTY 50
Fig. Bollinger Band
Fig. Moving Average

View :

At a new all time high, yet another landmark tested, 21,000 level. Volatility is anticipated.

Price action on daily time frame looks positive avoid shorting at all cost. Very Bullish.

At an unknown horizon, volatility is expected to remain.

Important Levels

  • Resistance – 21,500 -21,600
  • Support – 21,000 – 21,300
  • No trading Zone – 21,400 -21,500

BANKNIFTY

Fig. Banknifty OI Chart
Fig. Banknifty Weekly Chart
Fig. Banknifty Bollinger Band
Fig. Moving Average

View :

Price action is very bullish.

On daily time frame, there has been a strong buying after a dip and buying continues.

And even on a shorter time BANKNIFTY is a buy on dip.

Important Levels

  • Resistance – 48,400 – 48,500
  • Support – 47,950 – 48,000
  • No trading 48,400 – 48,500

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