Be careful with New highs in #Nifty and #Banknifty..

New highs often lead to retracement.. I will be a little cautious..

Intraday Price Action Nifty 50

Checkout this short-term downtrend in the Nifty 50, which began on December 12, 2023. The Price has fallen from a high of 21060.00 to a low of 20779.25 within the timeframe. The Analysis is based on 5 Min Time frame, it’s suitable for day trading and Intraday trading only

20800.00: This is a potential support level that could hold the #Nifty50 from falling further. If the Nifty 50 clearly breaks below and retest this level, the downtrend could accelerate.

Important Resistance in Bank Nifty..

Important Support in Bank Nifty

Keep an eye on these Support and Resistance levels in Bank Nifty.. Let's see how prices are going to react to these levels..

I am neutral on the markets this week.. with a slight bearish preference..

#Banknifty #Markets

https://tradingcoach.co.in/nifty-50-order-flow-trading-reaction-week-29-dec-23/

Check this out to learn more...

See how price action reacted to these levels

Checkout these Levels in Bank Nifty

Order flow trading - Most of the market moves can happen around these levels for the week.. #Banknifty #Markets #stocks

Watch these levels closely..

https://tradingcoach.co.in/bank-nifty-order-flow-trading-1-jan-2024/

See the content to learn more..