16 Jan Prediction - Bank Nifty & Nifty
16 Jan Prediction - Bank Nifty & Nifty

Kishan Bhalawat

Major Key Level for Intraday Nifty Support & Resistance.

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Major Key Level for Intraday Bank Nifty Support & Resistance.

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Have a Look at Global Markets :

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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.

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

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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.

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Was Market according to the Analyse?

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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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