Bank Nifty Support and Resistance Analysis for 19-DEC-2023
Attached is the Bank Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes.
Support and Resistance Levels: The chart highlights significant support around the 47705 mark and notable resistance at 48148 and 48101. These levels have demonstrated consistent importance in recent sessions.
CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
Support and Resistance Levels: The chart highlights significant support around the 47705 mark and notable resistance at 48148 and 48101. These levels have demonstrated consistent importance in recent sessions.
CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
