BANKNIFTY monthly chart

- trend is up
- support 26000

NIFTY monthly chart

- rising wedge seen
- PE at 28+ big negative

- 12000 is strong support

Market topping out?

Today's closing has confirmed a top-out signal based on my VIX based model. 12286 on Nifty spot may become a top for January

— Subhadip Nandy (@SubhadipNandy) December 31, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.7% in negative at 12168
- AD was 5:4 (good sign)

- VIX up 5%

- highest open interest 12300 CE (weekly expiry) and 12000 PE (monthly expiry)

- note trading range is 100 points in 2 days

- swing low around 12120 spot (hourly chart - https://www.tradingview.com/x/usaE5QLq/)

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed flat at 12256
- AD was 11:7

- VIX up 4%

- highest OI at 12200 PE

NIFTY weekly charts

- trend is up
- now testing upper trendline
- low VIX means no bearishness

- PE at 28+ big negative

NIFTY Open interest distribution

BANKNIFTY charts

- trend is up
- index at all time highs
- immediate support 32000

- ATR is 365
- min SL will be twice ATR
- this will be approx 31270
- if index closes above 32000, then SL will increase by 365

NOTE: tradingview.com and investing.com are showing different values for ATR inspite of using same charting application.

Learn RENKO charts ... emotionless trading w/o indicators

Recent 5 min chart of nifty 

15 min charts:

Hourly charts:

Daily charts:

Read more at https://www.investopedia.com/terms/r/renkochart.asp

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 1% in positive at 12248
- AD was 11:7

- VIX down 6%

- highest OI shifts to 12200 PE

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.7% in negative at 12126
- AD was 10:9... good

- VIX down 6%... good sign for bulls

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.4% in negative at 12212
- AD was 4:5

- VIX down 5%

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed flat at 12266
- AD was 4:5

- VIX down 4%

- support developing around 12200

Video: How to use Renko charts

NIFTY Renko chart with box size 50

NIFTY PE ratio chart

NIFTY weekly charts

- trend is up
- support 11800

- nifty PE 28+

- watch for trendline resistance

BANK NIFTY technicals

Daily charts:
- trend is up
- support 32000 - 31000



Weekly charts:

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed flat at 12272
- AD was flat

- option writing support 12200

Nifty may touch 13,400; Sensex 45,500 in 2020: Kotak Securities

The benchmark Nifty may touch 13,400 levels and Sensex 45,500 next year, and sectors like healthcare, agro chemicals, oil and gas are likely to do well, Kotak Securities said on December 19. "Market mood is more positive than what is reflected in the real economy mainly due to jump in earnings led by reduction in corporate tax rate and strong FPI flows supported by steady local SIP flows," Rusmik Oza, Senior Vice President and Head of Fundamental Research-PCG, Kotak Securities said at a press meet here.

Nifty-50 is trading closer to its peak valuations and is expected to touch 13,400 by end of December 2020. For BSE Sensex the target would work to 45,500 by next year, the Mumbai-based firm added.

Read more at https://www.moneycontrol.com/news/business/markets/nifty-may-touch-13400-sensex-45500-in-2020-kotak-securities-4747041.html

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in positive at 12260
- AD was flat (slightly positive)

- option writing support 12000 (monthly expiry)