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16 Jan Prediction - Bank Nifty & Nifty

Major Key Level for Intraday Nifty Support & Resistance.


Major Key Level for Intraday Bank Nifty Support & Resistance.


Have a Look at Global Markets :

Global markets are seen to be bullish as market bounced from a strong support after retracement in daily time frame. So we can see the same can happen in Indian market. Below is the Reference of DJI chart 1D TF.

Looking at the DJI Chart we found the same with Bank Nifty & Nifty Chart in Daily Time Frame

Market view for the 16 Jan is Bullish or Base Formation Breakout. View is made as per the global market and Indian Market structure in Bigger Time Frame.

Was Market according to the Analyse?

Instead market opened gap up and than fall from the supply zone which we has marked as strong resistance. Market has respected the levels we marked not the view.

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