Bank Nifty Support and Resistance Analysis for 18-DEC-2023
Attached is the 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 47749 and 47567 mark and notable resistance at 48379. 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 47749 and 47567 mark and notable resistance at 48379. 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.
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