20 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 bearish/volatile, cannot say what market moves. Major markets are in their Consolidation zone. once that is taken out we can predict the market direction. But as of now looking at global markets we can predict to stay Bearish & Range bound. Or else once the day high or PDH is taken out we can expect a move towards a Supply Zone and can look how market behave at that level.

Tomorrow is Friday and also Looking at last couple of friday market has moved good in either direction. So we can expect a good movement compared to today in market. If market breaks the PDL we can see a movement till demand zone or nearest marked resistance.

NASDAQ is negative compared to DJI

DJI is sideways as of now.

Same with SGX Nifty. Long wicks on both sides.

Market view for the 19 Jan is Bearish to Base Formation Breakout. View is made looking at global markets and Indian market Behaviour. So will wait for the market to form the base and than give a breakout/breakdown of that zone considering the pullback or inside candle.

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Was Market according to the Analyse?

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