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Charts for 14th December, 2023 Expiry

Charts , Data

Pixarts Trade December 9, 2023 05:36 PM

NIFTY 50

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, market remained rangebound at the top. Very Bullish.

At an unknown horizon, volatility is expected to remain.

Important Levels

  • Resistance – 20,950 -21,000
  • Support – 20,800 – 20,850
  • No trading Zone – 20,850- 20,950

BANKNIFTY

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

View :

Price action is very bullish.

On daily time frame, there has been a strong buying after a dip. A bullish marubuzzo formed.

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

Important Levels

  • Resistance – 47,400 – 47,500
  • Support – 46,500 – 46,600
  • No trading 46,500 – 46,600

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