Kindly take note of the analysis for Bank Nifty on December 29th, 2023. The Blue Bold line represents the resistance level, while the Red Bold line indicates the support level. The Yellow dotted lines mark the targets on both sides, and the trend line(s) should be carefully considered. It's crucial to develop a trading strategy based on this information. Please note that this is my personal view, and there may be a possibility of error.
Pattern: Support & Resistance
Long above 48625 (at least one 15-minute candle should close above it)
Targets - 48780-48880-49050
Short below 48190
Targets - 47900-47800-47650
Risky traders can short below 48400 (two 05-minute candles should close below 48400) for 48200.
Please keep in mind that these are my personal views only, and there may be a possibility of error.
Pattern: Support & Resistance
Long above 48625 (at least one 15-minute candle should close above it)
Targets - 48780-48880-49050
Short below 48190
Targets - 47900-47800-47650
Risky traders can short below 48400 (two 05-minute candles should close below 48400) for 48200.
Please keep in mind that these are my personal views only, and there may be a possibility of error.