Nifty, Bank Nifty technical analysis 05/12/2019

NIFTY

Close At 112043.20



 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.

                 

    Nifty seems there is no strength at higher level yes in last two days index if come back to 12050/12060  selling pressure in Nifty.



Nifty resistance 12060/12100/12135

If Two and Third resistant can buy in this level close Above 12060 an hold  five minutes to ten minutes and buy expected Target 12100/12140/12200



Nifty support 12020



Nifty considering support around 11980/11950 next support 11900/11850/11800



 BANK NIFTY UPDATE

Close= 31979.30



Today banknifty days low  31450 around

And buying lower level and day s high 32017 around



Or 05/12/2019

Most important level Upside and Downside

Upside level.    32050/32150/32250
Down side level.   31800/31700/31500

     BANK NIFTY seems there is no strength at higher level yes in last  days index if come back to 32020 selling pressure in Bank nifty.



Bank nifty resistance 31990/32050/32150

If Two and Third resistant can buy in this level close Above 32050 an hold  five minutes to ten minutes and buy expected Target 32200/32400/32500



Bank nifty support 31850



Bank nifty considering support around  31850/318000 next support 31500/31300


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